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

To: sam who wrote (2818)	12/25/1998 6:28:00 PM
From: M31	Read Replies (1) \| Respond to of 4903

Sam, RE: Do you honestly believe that the 120 calls will be worth only $1.00 -- in the event that ONSL were to double Monday? No. They'd be worth about 19 (assuming that implied volatility remains the same & calculating it based on last trade of 3/4). Wasn't talking about Monday. Was talking about on expiration day. Reread what I wrote. You quoted it! However, if ONSL stays at 60 1/2, again assuming no change in implied volatility, the calls will drop to approximately .44 on Monday. By Thursday (again, no change in price or volatility), they'll drop to about .26, and to .02 by the Thursday after that. So why don't you enlighten us -- instead of vainly trying to insult us into selling or NOT buying any more shares. Not trying to insult you or anyone else into selling or not buying any more shares. If you're long, then I hope ONSL doubles on Monday! That's how little I care. I just think it's bogus to post that an open interest of 360 contracts in out of the money calls indicates that the stock is going to almost immediately double. M31