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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: BOB JOHNSON who wrote (6784)	8/18/1998 9:20:00 AM
From: Oracle	Respond to of 22640

Steve, Really surprised to see Brazil open so weak, just be an interesting day, I really feel today is the make or break one.... Just MHO.

To: BOB JOHNSON who wrote (6784)	8/18/1998 9:50:00 AM
From: MGV	Respond to of 22640

I still do not know what a leap is Bob, A "leap" is nothing more than an option with a longer term expiration, generally from 1 year 2 1/2 years. For example you can buy the TBR options expiring on the third Friday of January in the Year 2000 with a strike price of 95 for about $22. If you need to know more, don't hesitate to ask. - Mark