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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?


To: ELIAS DEEB who wrote (9098)5/5/1999 7:42:00 PM
From: E. Davies  Respond to of 29970
 
KAHAT Jan 2000 strike 200 leaps traded @18 today and closed at 23 5/8x 25 5/8.
You cant expect a call that is far out in time and far out of the money to move nearly as much as the stock does. Thats just the way it is. Works to your benefit when the stock drops too.
The fact that you seem rather unsure about options makes me concerned since that these particular options are relatively risky. If you bought today at 25 5/8 athm would need to move to 225 5/8 if you held for the entire 7 months for you to break even. Thats a +45% move in the stock just to break even.
Eric



To: ELIAS DEEB who wrote (9098)5/5/1999 7:54:00 PM
From: Kayaker  Read Replies (1) | Respond to of 29970
 
The LEAP KAHAT stood still

On the AMEX, they were as low as 15-3/4 x 17-1/4 and as high as 24-7/8 x 26-3/8. With a delta of .53 at the close, they look OK to me. Wish I had a bunch.