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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: Joe Williamson who wrote (903)	4/28/1998 7:54:00 PM
From: Don S.Boller	Read Replies (1) \| Respond to of 3873

Joe: ACTUALLY I WOULD KIND OF LIKE A BIGGER PREMIUM... so I could write some covered calls. <eom> Best, Don

To: Joe Williamson who wrote (903)	4/29/1998 10:43:00 AM
From: Walter C.	Read Replies (2) \| Respond to of 3873

To: Joe Williamson (or anyone on Thread): Joe, could you please explain more about what you meant in your #903 where you said about LVLT options: "...a few more days like yesterday and they'll have a lot of the premium drained from them." When the stock price falls, why does that tend to lower the premium? I am interested in--but have not traded-- options and if you have the time to explain...I'm all eyes. Thanks. Walter C.