Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?

To: cardiologist to be who wrote (864)	6/1/1998 11:05:00 PM
From: B4TheBell	Read Replies (1) \| Respond to of 2241

<<i am interested in buying call options on checkpoint software.>> Cardiologist, Is this Checkpoint Systems, symbol CKP? Can't find a "Checkpoint Software" in database... B4

To: cardiologist to be who wrote (864)	6/2/1998 10:06:00 AM
From: Caroline	Read Replies (1) \| Respond to of 2241

What is the stock symbol and the stock price at the time of these option quotes?

To: cardiologist to be who wrote (864)	6/7/1998 2:39:00 PM
From: Girish Patel	Read Replies (2) \| Respond to of 2241

I just saw your question. On the closing price basis (28 3/8 on Friday, June5), call price for Jan 25 calls (roughly 180 days remaining) is $5.94 and Jan 30 calls is 3.5. Delta for 25 calls .7293; 30 calls .5330. (Volatility 49.27) The clsing price for the 25 calls is 6 1/8, and 30 calls is 5 7/8. In short, Jan 25 calls have much lower premium and higher delta- a much better buy if you expect CHKPF to hit 40. Black-Scholes Pricing Model. Stock price 28 3/8, interest rate 5; volatility 49.27 Girish Patel