Amgen Inc. (AMGN) Message Board

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Biotech / Medical : Amgen Inc. (AMGN)

AMGN 320.29

+1.5%

3:59 PM EST

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To: kanford who wrote (832)	7/13/1999 9:33:00 PM
From: Jonathan Feins	Read Replies (1) of 1906

Instead of selling the options, short the stock during a spike (hopefully 73 or higher). This gives you a profit plus a free put option should something out of the ordinary happen (expiration selloff). If stock drops you can sell the 70 put. At expiration either the 70 put is in the money and the stock you shorted pairs off with the put or if stock is above 70 the stock pairs off with the call. Although you give up a small amount of premium by not selling the options outright, you could get lucky if there is an overall market selloff in the next couple days. Please email me if you would like a further explanation. Jon proclm@tds.net P.S. I am a former options trader/broker on floor of AMEX

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