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To: Alski who wrote (20347)	4/24/1998 10:17:00 PM
From: waverider	Read Replies (1) \| Respond to of 95453

Yeah, I know. I plan to exercise my options well ahead of the expiration date. Here's the stats: Bought the calls I'm considering holding at 4.25 Currently bid is 9.75 For illustration 15 calls would net a profit of $8250 if I sell at current prices. Now if I buy 1500 shares of FGII at $30 and turn around and sell them for the current price 39.50 that equals a profit of $14,250...minus the cost of the options ($6375)...net of $7875. So there is from this calculation a bit of time premium left...but not much. However, if I continue to hold the options or the stock we could still be looking for more appreciation in the underlying stock price and increase the profit...unless Luc is right about the giant correction. Is this what your take is? Is there a HUGE advantage in holding to expiration and buying the stock that way or just buying the stock outright and selling the options? Rick Hydrocarbon