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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (6473)	2/27/1999 11:53:00 AM
From: Haim R. Branisteanu	Respond to of 21876

Correction to previous post For those wanting to go long LU would suggest to sell this pair of option. LUOA at $6.5 - Delta 0.6, and the 7 Day Theta $0.89 LUBA at $3.5 - Delta 0.4, and the 7 Day Theta $0.98 Break even prices are $115 and $95 and 7 options depreciate around $187 a day. Assuming 5 trading days it actually is $260. Theta is growing around $15 a day for 7 options. Implied volatility is 50% I speculate that the writer will end up long LU at an equivalent of $95. See LU chart in PDF format and my computer scans at bway.net BWDIK Haim