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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (38982)	4/10/1998 10:10:00 AM
From: David Weis	Respond to of 58727

15 is the strike price...... NQY is the option symbol for Netscape.... D is the month symbol....stands for April C is the strike symbol....stands for 15 in this case...can mean different $ amounts 2 3/16 is the last sale......It cost $2 3/16 per share to have the option to purchase NSCP for the price of $15/share before April expiration (which is the 3rd Friday) --- but remember, one option contract is for 100 shares....so.....doing the math here gives: ONE (1) option = 100 shares x $2 3/16 per share + commission. So, what do you have? One Apr 15 looks to be evenly priced.....no "value" in it, right now, right?