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Technology Stocks : General Magic

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To: Mark Oliver who wrote (5556)3/11/1999 2:24:00 PM
From: Papillon  Read Replies (1) of 10081
 
Mark, Were you being sarcastic? Regarding those calls: what I know about options would fit in a very small tea cup. Someone here or on Yahoo posted a good analysis of what those calls would mean, but I can't find it. However, doesn't it mean that some is putting up 100K. For example, a person buying a 1000 AUG 5 calls stands to lose 100K, but will make 100K for every point the price is above 5 on the third Friday in August. Every third poster knows more about this than I do, so maybe we can get an explanation from a knowledgeable source?

I've very much appreciated all of your efforts on this board, please keep it up.
Best,
Papillon
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