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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Linda Kaplan who wrote (17897)	9/12/1998 7:11:00 PM
From: Phillip C. Lee	Read Replies (1) \| Respond to of 213177

Linda, no worry about September's options, I still believe there a pop next week before triple witching hour on Friday. Greenspan's speech on Tuesday will certainly be a positive sign for investors since I believe he'll lower the interest rates due to negative PPI data revealed this week. Everything will be more optimistic after Starr's report was released from the main street. Phil

To: Linda Kaplan who wrote (17897)	9/12/1998 7:50:00 PM
From: Zen Dollar Round	Read Replies (1) \| Respond to of 213177

I think the October and January call options are good; it's my Sept about which I'm so worried. Monday promises to be a strong upward bias to the market. If Apple joins, perhaps Sept options will be okay. I was thinking about your situation today, and I have some advice for whatever it's worth. If you notice AAPL's trading patterns, it almost never pays to buy out-of-the-money call options expiring in the month before earnings announcements if you purchased them after the previous earnings period. June showed similar treatment to holders of AAPL calls. IMHO, you'd be better off buying AAPL calls expiring in the month earnings are announced, or the one immediately after if available. Sure, the prices are higher and your profits may be less, but you incur much less risk. Right now, the best call option contracts I see are the January 1999 ones. Price isn't too high, and you've got plenty of time to play with them. As an aside, didn't some December AAPL options contracts trade a few months ago? What happened to them? I haven't seem them listed in quite awhile...