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To: arthur pritchard who wrote (89852)1/19/1999 9:34:00 AM
From: BGR  Read Replies (1) | Respond to of 176387
 
Arthur,

The entry cost is elevated in an absolute basis but not wrt the underlying equity if market arbitrage forces are in effect. If too many investors want LEAPS it should have the same effect on the equity price as well.

-Apratim.



To: arthur pritchard who wrote (89852)1/19/1999 9:38:00 AM
From: Uncle Frank  Read Replies (1) | Respond to of 176387
 
G'day, arthur. I'm at the best seat in the casino, waiting for the chips to start flowing my way. Hope you have (another) great day!

Frank


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