Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 11.17

-6.5%

Jan 23 9:30 AM EST

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To: Wayne Umfleet who wrote (840)	12/7/1996 3:50:00 PM
From: Emile Vidrine	of 3256

One starategy--- If AXC rises to say 11-12, sell the 15 calls and buy the 10 puts. Buy and sell the shortes options possible with the same expiratioln months. The premiums should almost cancel themselves, thus providing you with cheap to possibly free insurance. The down side is if AXC rises above 15 you will not reap any of the $ above 15. Hovever, a 4 or 5 dollar gain is 40 to 50%--not bad with no risk. If the options expire with the stock stuck between 10 and 15, you will have to do it over again. Emile

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