Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: M31 who wrote (2815)	12/25/1998 3:48:00 PM
From: sam	Read Replies (1) \| Respond to of 4903

"And it means that if ONSL doubles to 121 on option expiration day and you hold your calls until them, you'll make your money back minus commissions." Do you honestly believe that the 120 calls will be worth only $1.00 -- in the event that ONSL were to double Monday? Current 'in the money' calls, for example, (Jan 60s) are going for about $9.00. If ONSL gets to 120 BEFORE expiration or if ONSL is above $120.00 at expiration (which is obviously what the buyer is betting), those calls purchased at 3/4 (cost of the last sale), and above (which is where the majority were purchased the day before), will be worth a heck of a lot more than $1.00. Perhaps 10 times the amount expended. Not a bad months work, huh? I didn't think so. "Have you modeled the profit/loss potential of the Jan 120 calls taking into account potential changes in volatility? I didn't think so." From the tenor of your question, I assume you HAVE run the numbers. So why don't you enlighten us -- instead of vainly trying to insult us into selling or NOT buying any more shares. You are not a short? And I'm simply a 'rank amateur.' But anyway, who cares? ;)