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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (56479)	12/23/1999 4:22:00 PM
From: Kayaker	Read Replies (2) \| Respond to of 152472

Rick, the Philadelphia exchange is good for the deltas... sort of. fast.quote.com On the left side, at the bottom, click on "Option Chain". On the next screen, select "Greeks" and fill in your ticker. The chart shows all the Greeks, and is great for getting a handle on how the delta is affected by strike price and expiration date. You'll see that as the expiration date goes farther out, you have to be deeper in the money to get a 1:1 move with the stock. I think some folks here overestimate the delta on their LEAPS. In-the-money or even DIM does not mean a 1:1 move. Unfortunately, the Phil is not up to date on QCOM option series and doesn't have LEAPS above the 280 strike. So, I have to use an option calculator. There are many out there, but the one at the TSE can probably be trusted and is easy to use. I've compared it to the values in the Phil exchange charts, and it looks OK. Leave the default options at the top, and when entering the values, take the volatility (60.9 today), dividend (0), and interest rate value (5.4) from the top of the Phil Greeks chart. Try it a few times and compare to the Phil chart. Note that the volatility number changes every day. tse.com