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

To: wiz who wrote (37927)	12/2/1998 11:03:00 AM
From: Knighty Tin	Respond to of 132070

Mark, You are absolutely right on the stock itself. On options, since strike prices are not set at much narrower intervals for a $20 stock than for a $100 stock, there is a difference in what you can make. That is why I always like to buy puts on stocks that are high on an absolute basis. And, if you argue from a total cost point of view, the $100 stock may actually be less of a move down as you are usually able to get out of 100 shares at $100 with a cheaper commission than 1000 shares at $10. So, if anything, the opposite is true from what the poster said. MB