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Technology Stocks : Cyrix 1 Where anything goes
CYRX 8.760-0.8%Nov 13 3:59 PM EST

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To: Investor A who wrote (302)3/23/1997 2:34:00 AM
From: Crossy   of 640
 
Fuchi,
again I would advise You to try not to pay option premium. On MSFT You could do the following.

For each lot of position:
1) Buy a CALL MSFT 110, 120 (should be really cheap around 1/4)
2) SELL a CALL MSFT at the Money (MSFT quote ?) -> GET PREMIUM
3) Buy a PUT MSFT a bit out of the Money but close, p.e. MSFT APR 90

Greetings,
CROSSY
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