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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: phillip who wrote (9422)	1/11/1999 11:37:00 AM
From: VincentTH	Respond to of 14162

Re:FLC option strike price Phillip and Robert, I own the old CDG Feb 25 call (CDGBE). They are now converted to DXGBE (1-for-1). That means the strike price is not 25, but rather 14.7 (= 25/1.7, with 1.7 being the merge ratio). I believe not too many people know this, as the call price plummeted right after the conversion. My 2 cents,

To: phillip who wrote (9422)	1/11/1999 8:46:00 PM
From: Robert H.	Respond to of 14162

Phillip, Yes, ...you are right. DXGEV is the symbol. ...You are also right about the June 12.5's being much lower. ... Very strange isn't it.?? It's been that way for the past 3 weeks. When you see strange things there's $$ to be made. Phillip you might also note that the May 15's closed a point higher today with open interest jumping 150. Good Luck ... //Robert