Abet Chichi2

[xe2dy]

I have a question regarding options.

Does the following sentence mean that one would have the right to buy MANU shares at $7.50 per share upto the option experation date in April 04? For example I buy this right on 100 shares for $185 + commission. If the stock price falls below $7.50 and stays there past the experation date, then I lose all monies invested. On the other hand if the stock moves up to $15.00 and I exercise the option to buy I would have close to a 100% gain on paper and the option to sale.

-- Manugistics Group Inc. MANU
Last Price 8.82 - APR 7.50 CALL OPTION@ $1.85 -> 7.6 % Return assigned*

Here is the link http://news.moneycentral.msn.com/ticker/article.asp?Symbol=US:MANU&Feed=PR&Date=20040120&...

Thanks in advance.