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Politics : Ask Michael Burke
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To: wlheatmoon who wrote (46594)2/11/1999 5:49:00 PM
From: Knighty Tin  Read Replies (2) of 132070
 
Mike, I vote for July. Always take in as much absolute time premium as possible up front. Yes, it does not annualize as well over the course of the year, but your ability to annualize depends upon the stock staying flat, the least likely scenario. In an up market, you do better because you can unwind that larger premium early. In a down market, you have more protection. In fact, I think June is too near term and I would go out to Sept or Dec or Jan of 2001.

MB
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