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

To: Knighty Tin who wrote (33813)	10/12/1998 11:37:00 AM
From: Thomas M.	Read Replies (1) \| Respond to of 132070

I've really enjoyed this discussion about the options trade. Thanks! Tom P.S. But keep in mind that I'm the same guy who was enthusiastically reading Niederhoffer's book last September. <g>

To: Knighty Tin who wrote (33813)	10/12/1998 4:34:00 PM
From: Micawber	Read Replies (1) \| Respond to of 132070

MB: Their is lots of talk on the Yahoo GZTC board that the convertible preferred issue has caused the stock to deteriorate the way it has, and may ultimately put them under. Any comments?

To: Knighty Tin who wrote (33813)	10/12/1998 5:03:00 PM
From: Joss	Read Replies (1) \| Respond to of 132070

Mike, I finally got fed up with Fidelity's explanations. The following explanation comes from the CBOE: CCI options held prior to the merger converted in the following manner: Strike remains the same Multiplier Remains the same # of shares = 250 Say you had an 80 strike on puts, the strike is still 80. Simply multiply the present stock price by 2.5 to determine amount in or out of the money. Present option price is still multiplied by 100 to determine dollar value of the option. Steve