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To: Poet who wrote (4012)	3/1/2000 2:14:00 PM
From: ljbein	Read Replies (1) \| Respond to of 8096

I have a question about premiums. I bought CMGI calls last Fri. am and within an hour I had a pretty decent profit even though the underlying stock price had hardly changed. What would cause that to happen in such a short time period? Also, how do you determine if a premium is at a fair price? With stocks I can look at a chart and get a feel for prices that way but how do you evaluate premiums? I ordered McMillan's book - is that something he talks about? I'm looking at NTAP Apr 190 or 200 calls and am not sure which would be better. I thought someone once wrote here that choosing slightly ITM calls are always a better bet because the delta is higher. Is that right? Love this thread............Lorinda