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

To: FR1 who wrote (883)	6/12/1998 9:14:00 PM
From: Caroline	Read Replies (2) \| Respond to of 2241

Try the option calculator at numaweb.com

To: FR1 who wrote (883)	6/30/1998 12:33:00 AM
From: Girish Patel	Respond to of 2241

Sorry for the delay in response. No. I do not know of any site. However, as a rule, the more in-the-money options you choose, the higher delta it will have. It will also depend upon the time till expiration. Longer term options (LEAPS, for example) will have a lower delta. A short term, in the money option (DELL July 75 calls - DLQGO, for example) will have higher delta than longer term, out of the money calls (DELL Nov 105 calls- DLQKA). DLQGO will move nearly dollar per dollar move of the stock price and will have a delta near to 100 mark. Another way I look at while buying an option is percent-to-double ratio. My broker usually has this. About 8-12 is a good number and I try to stay within that range. It simply states what percent a stock price has to move for the option price to double. Larry McMillan's books have an excellent review of these topics. Girish Patel