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To: The Perfect Hedge who wrote (2638)	10/31/1997 2:52:00 PM
From: SJS	Read Replies (2) \| Respond to of 95453

Glen, Here's another site: optionpage.com As well the stuff you need is fairly easy: 1) Div % (probably 0, most stocks that I want options on don't pay dividends) 2) Interest rate: The CBOE site explains this, but it is the risk free rate of money. I use the Fidelity Cash reserves interest rate (about 5.25% now...), but any money market rate will do. Some use the Treasury bill rate, as the faith in Uncle Sam is about as risk-free as you get!! 3) The implied volatility is the key. We have to find this out to put into the model. The tools on the CBOE will find this IF you put in the option price (and it reverses the process), but this is not good because you will always have to make the assumption that the option price is perfectly accurate (theoretical). It is not. Go fire up to the tutorial at the CBOE and use their tools and explanations. It's great.