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Technology Stocks : IFLYW the IFLY-warrants, a REAL VALUE PLAY -- Ignore unavailable to you. Want to Upgrade?

To: SG who wrote (109)	4/27/1998 12:32:00 AM
From: StaggerLee	Respond to of 171

For what it's worth, my formula doesn't work right as the stock goes higher. Once the stock gets near $10, the time until expiration has to be adjusted in all the option calculations (since redemption becomes imminent at that point). Haven't quite figured how to reflect that in the formula. If IFLY goes to $10, I estimate that IFLYW will be worth about $4.50 and will rise at about $.80 for each dollar beyond $10. I also haven't been able to find any web sites or programs that calculate prices for warrants with a call feature. If anyone knows where I can get one, please post it here. Thanks.