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Technology Stocks : WAVX Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: SlateColt who wrote (7196)	5/30/1999 12:19:00 PM
From: SteelerStu	Read Replies (2) \| Respond to of 11417

slate is that the correct option contract price or just an example -- do you know what the September and November contract are trading for ???

To: SlateColt who wrote (7196)	5/31/1999 10:10:00 PM
From: Witold	Respond to of 11417

One comment about the option scenerios. If the option expiration date is far in the future (let's say 6 months) a volatile stock can move significantly long before the expiration date and you might chose to sell your option then for a nice profit.

To: SlateColt who wrote (7196)	5/31/1999 10:24:00 PM
From: Witold	Read Replies (1) \| Respond to of 11417

Option related question: Slate you said " Definition: A stock option is the right to buy or sell a particular stock at a certain price for a limited period of time" You also said: "2) Buying the options You could purchase 10 contracts (July 25 Calls) for Wave (1 contract = 100 shares). These give you the right to buy 1000 shares of Wave on the third Friday in July (expiration day) for $25 a share no matter what price Wave is trading at." My question is how much time exactly do you have to excercise your option (in the unlikely event you want to do that). Or, to rephrase my question, what exactly is the "limited period of time" from the definition in the first sentence. Thank you, Witold