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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (8147)	2/26/2003 9:16:26 PM
From: LLCF	Read Replies (1) \| Respond to of 39344

<FWIW Just a point that might be of interest to you. I am using the delta of these warrants to hedge the upside risk of "short call" option strategies (e.g. ratio writing), which is a long term strategy. The IV of AGE options is very attractive. > So you're long stock short the option [warrant]?? I'd be happy to discuss: I don't know ANYTHING about the particulars of these warrants, everything I just posted is theoretical BUT... if what that original poster said is correct you need to adjust the IV to reflect the volatility in the currency which the example shows clearly if you think about it... ie. zero volatility in Toronto, massive volatility in New York on that particular warrant. DAK PS... I don't mean to stir up angst among warrant players... they are usually plain vanilla like the Wheaton warrants, I will contact the company and clarify as I see they have all sorts of shit listed all over the place. PPSS: I have e-mailed the company to get the particulars... if anyone knows I'd love to hear.