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To: brad greene who wrote (12708)3/12/1999 1:29:00 PM
From: Night Writer  Read Replies (1) | Respond to of 26039
 
bg,
Ooops,
You are 100% correct. I computed 1/16 not 7/16. Shouldn't make calculations and talk on the phone at the same time. How embarrassing! Maybe it is a good thing that I use a discount broker rather then trade on line!

However, the basic thesis on some possibilities is still true. Option traders usually target double, triple, or quadruple. Option sellers usually let the position expire. Did you notice what Mr. 400 did the last time?

NW