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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: elevis who wrote (18906)	4/11/1999 7:48:00 PM
From: F. Evans	Read Replies (1) \| Respond to of 37507

Elevis, buying put options is sort of like shorting a stock because by buying a put option, you are hoping for a price decrease so your option contract value increases. For example if you bought an May 27.50 put option, you are buying the right to sell it for $27.50 so as the price goes lower your option contract premium goes up. A call option works the other way...you buy the right to buy the stock at a fixed strike price. So for example, a May 27.50 call means you have the right to buy the stock for $27.50 by the end of the third week in May (options expire at the end of the third week of the month). The point I wanted to make was that no May 30 or 32.50 put options were bought or sold Friday and a ton of call options for that same price swapped hands. To me, that indicates that put buyers or shorts were keeping away from BII. Any more questions? feel free to ask...this is the sort of stuff I like talking about...not this damn childish banter. Frank