PFE (Pfizer) How high will it go? Message Board

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Biotech / Medical : PFE (Pfizer) How high will it go?

PFE 26.02

+1.2%

Dec 5 9:30 AM EST

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To: ratan lal who wrote (2490)	5/15/1998 11:40:00 PM
From: Lazlo Pierce	of 9523

Rattan<<The thinking behind the trade was quite simple. Buy PFE at 110 (now at 107 1/4) Sell CC at 14 Sell Put at 12 Total return 26000 on a 1000 shares (invest 55000 on margin) in 7 months if PFE >=110. Thats a 47% return in 7 months Only danger - PFE goes below 96. You end up with 2000 shares at 110. ratan>> ************************* In that scenario, your cost basis would be 97. 1000 @ 110, and the other 1000 would cost 84 (110 (strike price)-14 (call prem)-12(put prem). So total 2000 @ 97. Dave

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