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To: semi_infinite who wrote (1168)9/27/2002 5:09:20 AM
From: Artslaw  Read Replies (1) | Respond to of 2646
 
It is still a good deal since the options are worth approximately zero.

I'm guessing you aren't an options trader? I tried to explain in the previous e-mail that there is an 8-10 year time premium that is being surrendered for $3.20. Depending on how far out of the money the option is, it might not be such a great deal.

I am guessing your time horizon is about thirty days maximum, so it would probably seem pretty clear cut.

Steve