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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (94582)4/16/2001 11:36:49 AM
From: marginmike  Read Replies (2) of 436258
 
What they are doing is buying NDX or QQQ's and doing a collar going out three years. IE The buy QQQ's at 40 sell 03 calls for 14 and buy puts @40 at 9. Then there is a 12% spread. Just guessing. It is some form of collar though. I was offered a collar on 10 Naz stocks as well by SSB. If you like this strategy you dont need Banksteers to do it. Take a stock you like go out three years and collar it.
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