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Technology Stocks : Alcatel (ALA) and France -- Ignore unavailable to you. Want to Upgrade?

To: Brian Fukuba who wrote (478)	3/3/1999 2:12:00 PM
From: Brian Fukuba	Read Replies (2) \| Respond to of 3891

OOps...wrong read: This option is different meaning 1 YLIAD option = 81 shares + $8.82 in cash that's why it is less expensive... exchange2000.com

To: Brian Fukuba who wrote (478)	3/3/1999 2:13:00 PM
From: Steve Fancy	Respond to of 3891

Couldn't be...I just paid 4 3/8 for June 20's yesterday. Wait a minute, those are probably old DIGI options. If I remember, those options only represent 81 shares of ALA each as a result of the purchase. So they actually represent a strike price of about 24. Unfortunately the options MM's are pretty good at making sure you get what you pay for. Still not a bad deal though. This has caught me off guard in the past with other options. Should be a way to easily determine when an option does not represent the standard 100 shares. I'm not even sure where you can go to verify this information, but pretty sure this is the situation. Let me know if you determine where on-line this can be verified. sf