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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (14741)7/3/2002 9:08:52 PM
From: Don Earl  Read Replies (1) of 78744
 
Paul,

I don't know that SWY is necessarily a good short at these levels. It's more I don't trust their numbers and the chart looks horrible. I think if I were going to play it at current prices, a straddle with slightly out of the money options might work. Maybe go out to January with puts at $25 and calls at $30. It would cost about $4.20 per share to play it that way. If it really is under valued, the calls should be in the money before they expire. If the down trend continues, the puts should be in the money.

Something like that anyhow. I think I'd try to figure out a way to hedge my bet just in case.
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