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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (5262)	1/23/1998 8:25:00 PM
From: Jeff Anderson	Read Replies (1) \| Respond to of 8002

I saw something about the implied voltility of GTW calls. Didn't understand it but it didn't sound good. Anyone else see this and understand then implications. Sound like everyone was bailing out of their calls now instead of waiting. Make it sound like the option folks don't expect it to go higher and are getting out now. Thanks.

To: Skeeter Bug who wrote (5262)	1/24/1998
From: Alan C. Zezula	Read Replies (2) \| Respond to of 8002

SB, just pulling your chain I know you would never buy calls On GTW too bad I couldn't have convinced you to buy calls just this one time. GTW had a 29 day low of 28 9/16 and a high of 38 1/8. There was some nice money to be made with calls here. Believe it or not I like to see people make money whether it is with puts or calls.or winning the lottery or whatever. Yes I'm sure you will make money with puts let me know when you buy them and why. I may even join you if the timing is right..