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To: Sam Sara who wrote (67646)7/14/1999 12:26:00 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 164684
 
David, I just meant that if I called the stock at 70 I would have to come up with too much money to hold it outright. Had it been marginable, I probably would have called the shares and held until the following tues or weds since earnings are on Tuesday. So say regular margin requirements if I had 60 calls then I would need 1/3 of 420K or about 140K to do that, I don't like to carry that much margin but when you are a few days away from earnings, sheesh.