Seagate Technology - Fundamentals Message Board

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Technology Stocks : Seagate Technology - Fundamentals

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To: Stitch who wrote (570)	3/2/1999 1:56:00 PM
From: Frodo Baxter	Read Replies (2) of 1989

>Buying them. And since I am not an experienced options player perhaps I used the wrong term? An incredibly great way to lose your shirt, too. Reasons- a) wide spreads b) time is your enemy; time value going down c) wide spreads d) it's way out of the money e) wide spreads In case my argument sounded squishy, I offer the current quote on Apr 37.5 calls... 11/16 x 15/16. Since fractions are confusing, let's convert to price per call: 68.75 Bid, 93.75 Ask. Would you buy anything short of Berkshire Hathaway with a 25 dollar spread???

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