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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?

To: Manx who wrote (822)	4/2/1998 6:27:00 PM
From: Manx	Read Replies (1) \| Respond to of 3990

Couple of questions regarding: AMEX, CBOE, & PHLX listing options on CyberCash: How does the availability of option trading impact the price of common stock (CYCH)? Would appreciate any input. Also, what do you think ('guess-estimate') a CYCH-$20 Calls would go for in the very first day of trading CYCH options? Any strategy for buying options in this case?

To: Manx who wrote (822)	4/2/1998 9:30:00 PM
From: jabbo	Respond to of 3990

If you are looking to buy, suggestion is instead of outright buying the stock, sell in the money puts, collect the premium and earn interest until the stock is assigned, this will happen if the price it stays below the strike price of the put. If not, the risk is that you will miss the opportunity to participate in the potential of owning the share, although you can keep rolling over the strategy and keep collecting the premium, until eventually the stock may drop enough to be assigned.