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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?


To: Hawaii60 who wrote (4328)4/9/1999 3:15:00 PM
From: gerard mangiardi  Respond to of 30916
 
because soon we can get 6 for the june 40?



To: Hawaii60 who wrote (4328)4/9/1999 3:19:00 PM
From: md1derful  Read Replies (2) | Respond to of 30916
 
H: Too much thinking with the options, just buy more options



To: Hawaii60 who wrote (4328)4/9/1999 3:42:00 PM
From: vinh pham  Respond to of 30916
 
hawaii, i know the answer. because it's going to blast right through 40 on Monday. are you working your magic? :-)



To: Hawaii60 who wrote (4328)4/10/1999 1:51:00 AM
From: Bill Zeman  Respond to of 30916
 
Hawaii

You don't want to exercise your options. You will be forced into buying the shares at high brokerage fees. Sell your options and take the profit and buy shares through a discount broker. Besides, do you really have enough money to buy all the stock covered by the options you own? Remember, each contract you own represents the right to buy 100 shares at the strike price. So if you have 10 April 15 contracts, it would cost $15,000 just to exercise the option of buying the stock. That's not counting commissions.

BTW, congratulations on holding on to your options today. However I will repeat last nights advice and counsel you to sell monday for huge profits, and repurchase May or later calls or just plain old stock if you prefer.

Bill Zeman
30 13/16