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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: mtnlady who wrote (7101)	5/1/2000 8:19:00 AM
From: Poet	Read Replies (1) \| Respond to of 8096

mtn lady, oops! I thought you had said "writing" (which means selling) the option rather than buying the option. Sorry about that. You can go to the CBOE toolbox (here's the link): cboe.com Plug in your option and it will give you the delta and theta value of your option at any given time.

To: mtnlady who wrote (7101)	5/1/2000 11:04:00 AM
From: Uncle Frank	Respond to of 8096

>> So in my example I had a call out there - say SEPT100's and NTAP holding steady at $90 a share. How much, approx., would the calls I would sell be worth per share now, a month from now, two months from now - with the only changing ingrediant being the time factor. You want theoretical or practical? Here's a way to get a handle on time decay without resorting to higher math: ulmft (ntap jun 100s) bid = 3 3/4 ulmet (ntap may 100s) bid = 1 There is no intrinsic value in either of these calls, their costs are 100% time related. Thus, with everything else (stock price, volatility, etc.) held constant, the ntap June 100 calls will drop 2 3/4 and trade at 1 a month from now. uf