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To: Kid Rock who wrote (454)3/20/2000 6:53:00 PM
From: ken whited  Read Replies (1) | Respond to of 712
Kid Rock

"How much money would I have made from last Monday to today had I bought 10K in 90 puts"

You would of made 1,400,00.00 and would of costed you 800.00


To: Kid Rock who wrote (454)3/21/2000 4:54:00 PM
From: Turs  Read Replies (2) | Respond to of 712
Kid Rock - my rough estimate is that you could have bought those puts (depending on the month) for about 3/4 to 1. They would now be worth around $25-30. So, you would have made around 30-35X your money, or over $300,000. I may be underestimating how low the premium was on those options prior to the blowup. $10K is a big bet on a wasting asset and I would not have bought my second batch at such an out-of-the-money strike. I'm now up about 7-fold on the first batch bought in January (strike of 75) and about 10-fold on the second batch bought a week ago (strike 175).

Hope you catch the next one.