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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: soup who wrote (11231)	4/14/1998 7:05:00 PM
From: Linda Kaplan	Respond to of 213176

Soup, We should not wait till the very last minute to trade or exercise our April options, because we may fail to get what we want, because of the line up, and first served. I discussed this with Waterhouse recently and they said not to wait till very near the end. Linda

To: soup who wrote (11231)	4/14/1998 7:21:00 PM
From: rhet0ric	Read Replies (2) \| Respond to of 213176

soup, Thanks for the info (and thanks Eric, earlier). I trade through E*Trade, and can't find any info there about automatically exercising my options for me. Unfortunately, I put a limit on my buy order and it never got exercised, so unless I get some tomorrow I won't be in the game. I had my finger on the trigger during the dip to 25, and could've got April 27.5s at 3/16, but waited too long. My reasoning was that the closer we got to expiration, the lower the price would be. I should've seen the run-up coming. Oh well. One thing I don't understand (and this refers to Linda's response too) is how your options wouldn't get exercised. Doesn't the person who wrote them have to have either the shares on hand, or enough cash to buy them? I still haven't quite gotten my head around options trading. thanks again, rhet0ric

To: soup who wrote (11231)	4/14/1998 8:29:00 PM
From: Marc Newman	Read Replies (3) \| Respond to of 213176

<<He also said, somewhat amazed, *that he had never seen an open interest this large.>> Hmm, so this could help keep the price in check by Friday, even if we had an amazing quarterly report? Am I reading this right? Could be an excellent opportunity on Friday to load up for the next few weeks. As a sidenote, what I like about the AIO is not only the price/performance, but the little touches that show Apple really "gets" education. Sounds like some growing pains at the Apple Store, Marc Edit--I can't believe that Windows 98 is $109 . . . for an upgrade! $209 otherwise . . . And they say Apple charges too much for its products . . .

To: soup who wrote (11231)	4/14/1998 10:08:00 PM
From: George von Dassow	Read Replies (1) \| Respond to of 213176

5) He also said, somewhat amazed, that he had never seen an open interest this large. Huh?! Did he mean he'd never seen that much for AAPL, or in general? If the latter, he must not only be young but also unfamiliar with heavily optioned stocks. CPQ, for example, has many many times the open interest of AAPL. Second, my experience with options is pretty thin, but I have definitely had a hard time getting the intrinsic value of an in-the-money call. I had that experience today with IP April 50s, even though at the end of the day the calls finally traded at their intrinsic value. - George