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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?


To: Ray Rueb who wrote (2382)6/23/1998 1:19:00 AM
From: Iraklis  Read Replies (1) | Respond to of 10081
 
Ray,

I've enjoyed your posts and I wish you good luck. I think we're both bullish on GMGC. With all respect, you remind me this "Control Freak" I use to know. He claimed that the only reason he would let go of something was so that he could get a better grip on it. This seems to be exactly what you're trying to do with your GMGC position.

BTW - I've priced the July and August 15 calls. If GMGC trades on Wednesday for 15, then I expect the JULY 15 Calls to trade for 1 5/8 to 2 1/8. where as the August 15 Calls should trade between 2 1/2 to 3 1/2. These calculation are based using the Black Scholes method and volitility estimates (based on historical data) of 1.0 and 1.5 respectively.

good luck - Iraklis