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

To: accountclosed who wrote (36850)	11/19/1998 12:43:00 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

AR, Just one caveat. I am not buying Amazon puts yet. Basically, they are priced for 100% up, 100% down type of volatility. <G> The IIX, as pricey as it is, may be cheaper than these. I would probably go with the 70s, because a crash either happens or it doesn't. Since this stock is probably worth about $3 per share, there is no rationale involved to being priced at $160 or $30. With the $70s, you get lots of downside for a decent absolute premium. I feel that this one is like Presstek. If it goes down 50 points, it will go down 150 points. It it goes up, it is better to lose $3 than more than that. The CBOE listing precede the symbol with a dot. Brown's, on the statement, are the real symbol, without the dot. BTW, have you noticed that Brown cut credit interest to 2.75%? Yuk! I thought 3% was low. MB