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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (7982)	11/24/1997 2:13:00 PM
From: SJS	Read Replies (2) \| Respond to of 21342

Sure...it's a slow day. It costs nothing to side bet, like I said. For you (since you agree that buying the spread is what you want to do) the stock has to be at least 1/2 point higher than 21 3/8 or lower than 13 5/8, which represent just the break even points. To make any money on it, it has to be even higher or lower than those thresholds. Since I don't think he's doing this to breakeven, you've got to win by 1/2 or more. 1/2 point represent about a 36% return (1/2 over 1 3/8). I, on the other hand, since I've sold it as my spread, already have a profit, so I can use the sum of the option premium as my winning bands. If it closes on December's option Friday at or anywhere between the bands, I would win. If you agree, then one of us will publically ATTABOY the other on this thread. Regards,