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Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Howard t Anderson who wrote (5469)	12/3/1999 5:42:00 PM
From: J. P.	Respond to of 11568

on a 3/2 split you get the same number of options, but they are worth 2/3 the current face strike, but each contract is 150 shares as opposed to 100. There is a market for the Jan 100's because a bid price is listed. It seems so obvious, but as long as WCOM price is heading up, you will be okay, even 1 month from expiration. However, if WCOM and the market head down again from here, it is doubtful that your options will have a bid. There are big players that apparantly think the January 95 is a good contract to buy, as many thousands of those have crossed the tape this week. My advice is to hang in there. If you want to play big blocks of out of the moneys, you got to have the cajones to go with it. Peace.