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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Jo Ellen T who wrote (78570)12/14/1999 6:03:00 PM
From: Nathan  Respond to of 90042
 
No, we were talking about 108 contracts (not 10,800 contracts) giving the buyer the right to buy 10,800 shares.
Now that would have been a serious gamble!<VBG>



To: Jo Ellen T who wrote (78570)12/14/1999 6:03:00 PM
From: Bald Eagle  Respond to of 90042
 
Don't get too excited. There were 108 contracts, not 10,800. That equals 10,800 shares. At 25c each, that is $2,700 for the privilege to buy 10,800 shares at $30 each at any time during the next three days.



To: Jo Ellen T who wrote (78570)12/14/1999 6:13:00 PM
From: TraderWithNoName  Respond to of 90042
 
I know excitement and anticipation are climbing in CS-but let's take time to get the terms and definitions straight. It makes for clearer communications.


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