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Technology Stocks : Lucent Technologies (LU)

LU 2.490

-1.2%

12:42 PM EST

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To: Anonymous who wrote (7123)	4/9/1999 12:02:00 PM
From: freeus	Read Replies (1) of 21876

Jill's answer to you is exactly correct: The $9.50 I paid for these options originally actually amounted to $950 a contract for "controlling 100 shares". It went all the way down to $62 a contract and I was disgusted but thought "what the heck" and almost doubled up (forgot I had 5 not 4) . When Lu split and these options split, my buy in became $4.75 (or $475 a contract for a strike price of 60, and on the more recent buys, $31 for the 60 strike price. ) Soon as Lu rose past 60 I had a nice profit and my friend had an amazing profit! Freeus

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