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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (33062)	9/29/1998 6:28:00 PM
From: The Perfect Hedge	Read Replies (3) \| Respond to of 132070

MB and all you IBM puters......... scroll down to the IBM piece... cda.com

To: Knighty Tin who wrote (33062)	9/29/1998 11:37:00 PM
From: upanddown	Read Replies (1) \| Respond to of 132070

Mike, still bugging you with questions about options buying. I really appreciate your help. Last night, I was looking at two possibilities, LHSG and CCU, both Jan 45 puts. The numbers were: CCU curr 50 1/2 Jan 45 puts 2 13/16 - 3 1/4 LHSG curr 53 7/16 Jan 45 puts 7 3/8 - 7 7/8 LHSG is selling for far more but CCU is much closer to the money. CCU declined more than LHSG today but the ratios stayed about the same. Can that price difference just be for historical volatility, accounting issues, perceived vulnerability, etc ? FWIW, I bought the CCU's today at 3 3/8 as a first third. Would appreciate your opinion as to whether this was a decent play. TIA, John