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Non-Tech : Radica -- Ignore unavailable to you. Want to Upgrade?

To: Scott who wrote (36)	10/22/1997 12:23:00 AM
From: Wayne	Read Replies (1) \| Respond to of 51

Scott, Thanks for the info. I'm back on line as well. I don't want to be giving advice on what a person should or should not invest in. All/most of my postings are in hope of being informative and are mixed with a degree of opinion. If it is useful to anyone in drawing a conclusion on what to do, then I am glad I could be of some help. For me, buying an option for Dec. that has to go to around $17 to be at the money seems a little to much, thats just me. It is a question IMO, of how far above the even mark do you think the price will go by the third Friday of Dec... What if there is a delay in the report. All I would advise is to do some soul searching at this point. Maybe the 12 1/2's have less leverage in the # of shares you can buy but they are not way out of the money at this point. Another thought on it would be from the angle of if the price comes back in over the near term. Options can be tricky, time works aginst the buyer in that the clock has an alarm that goes off, unlike being long, so be very comfortable about where you think the price will be when the timer goes off. Just opinion and I am not a pro at options. Your broker is (hopefully). Best of luck, Wayne

To: Scott who wrote (36)	10/22/1997 2:42:00 AM
From: Jay Tice	Respond to of 51

Scott, I wouldn't think that you would have any trouble closing out a position of Dec calls near expiration, as long as the stock is above the strike price. In the last week before exp. options have basically lost all of their time value and an option in the money will trade at 1/16 to 1/2 below it's intrinsic value (stock price - strike price). So, if you wanted to take a large position in a particular security that was trading at 19 and the 12 1/2 calls were 6 1/4, why not buy up as many contacts as possible and get the stock for 18 3/4 instead of 19? I believe that most options near exp. are bought and exercised by market makers looking to increase their spread on a stock they were buying anyways. DISCLAIMER: The previous blurb was surmised solely through the use of my often suspect powers of deduction, so please get a second opinion. Maybe Skipard has some knowledge of this. Anyways, I agree with Wayne that the Dec 12 1/2 are a better play than the 15's at this point. RADAF will have to hit 20 for the 15's to start outpacing the 12 1/2's. If you buy at 3 3/4, the stock will have to trade in the high 16's for you to break even (assuming your holding till earnings), but if it hits 20 before Dec 20 you could see a nice little 100% gain. Good Luck, Jay

To: Scott who wrote (36)	10/23/1997 2:27:00 AM
From: Gary105	Read Replies (1) \| Respond to of 51

Scott, at these levels the Dec 15s are a crap shoot imo. They can go either way - best case is a double (stock hits $20/share). Worst case is the stock does nothing and options expire worthless. Likely scenario is the stock runs to upper teens and the options maintain their value. Those who bought calls when they first came out did well as long as they have specific targets and sell discipline. Right now I feel more comfortable with stock and added to my position at yesterdays open upon seeing the news. Gary