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To: ggamer who wrote (47754)10/10/2001 12:00:21 PM
From: Uncle Frank  Respond to of 54805
 
>> Can someone please explain to me why SEBL 2004 Strike Price of 10 is currently quoted at 11.20 ask price?

The intrinsic value of the 2004 10s is 8.30, leaving the time value for a 27 month option at just 2.90. Seems relatively inexpensive.

>> LEAPS more expensive than common share?

No, just more expensive than the strike price. That happens to any LEAPS if you get deep enough in the money.

uf