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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: eddie r gammon who wrote (53997)	3/31/1999 2:21:00 AM
From: John Graybill	Read Replies (2) \| Respond to of 132070

Nope, calls are cheaper only because MU is lower. Unlike the puts, the main loss in the calls is because MU itself has dropped. Example: MUDW (47.5) was 3 7/8 x 4 1/8 on 3/30 with MU at 47 3/4; today it is 2 1/8 x 2 1/4 with MU at 45 5/16. That's a loss of 1 3/4 on the option compared to a loss of 2 1/2 on the stock. That's some loss of premium, but no more than 1/4. Not comparable to the collapse in the puts.