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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Louie Liu who wrote (17654)	8/11/1998 3:17:00 PM
From: Arthur	Respond to of 29386

Louie, You are correct that options are not traded on ANCR. What I was referring to were employee stock options that are very common in many companies today. Normally these employee stock options are similiar to exchange traded call options in that the employee can buy the stock at a specified price and the employee will benefit if the current stock price is above the option specified price. This is the only case I have heard of where some of the employee stock options were constructed like exchange traded put options, ie the employee benefits if the stock price goes down. Art