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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: md1derful who wrote (2302)	9/11/1998 12:33:00 AM
From: don kramer	Read Replies (1) \| Respond to of 6439

Md1derful, "risk much higher??? hmmm, no, the risk is exactly, 0, ...the risk is eliminated. ...(if the price falls lower to the strike price). I am ASSURED a price , in my case 38 3/4 , exactly. I do indeed get the stock. I buy the stock at 38 3/4, exactly my predefined price. in terms of dollars, the downside is still $38 3/4 exactly. (I am sure you did not mean to say unlimited). not to worry...there is a lot of very subtle things about doing options, it takes years, to get the full flavor. It is sort of like learning to ride a bicycle, or making love to a woman. Some things, you just can not learn from textbooks. :} dk