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

To: Jill who wrote (8028)	7/21/2000 1:09:35 PM
From: edamo	Respond to of 8096

jill, i accept your apology.. glad to hear you are successful in your trades...lot of opportunity with the volatility....just be patient and wait for the advantage....and stay off of margin! good luck..ed a.

To: Jill who wrote (8028)	7/21/2000 2:39:07 PM
From: YlangYlangBreeze	Respond to of 8096

An friend of mine from Java says, "When someone throws rocks at you, you should throw back... flowers." If there are any sins in Cyberland then posting PM's is right up there. How good of you to throw back flowers. I'm sorry that I opened these old wounds.

To: Jill who wrote (8028)	8/1/2000 1:05:11 PM
From: Jean M. Gauthier	Read Replies (1) \| Respond to of 8096

Hi people (& Jill<g>), I have a dilemma, a real good one... As the matter is pretty urgent, I would appreciate help as soon as possible.... Pretty please with sugar on it <g> I have 8x LEAP Options on EMC (they were 2 but split twice), Jan 2001 .... $ 25 !!! It would cost me $ 20,000 to exercise the options, and I would get stock valued at about 800 x $ 83 = $ 66,400.. Usually, you do not exercise an option before it's time, especially since it is so ITM or In-the-Money, as you lose the time "Premium" But with EMC, there is a spinoff coming, the McData spinoff of which IF I hold the options, I get no shares ( I THINK ?) If I remember, we get .37 share of MCData for every share of EMC right ? I would then be forgoing 296 shares of McData if I did not exercise... Anyone knows what I should do ? Thanks in advance Jean