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Strategies & Market Trends : Dawg's Place

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To: thebeach who wrote (1297)	7/16/1999 6:56:00 PM
From: Jeff O'Brien	Read Replies (1) of 2751

Beach, When you see this, the trading day will already be over. If you still are trying to decide about Aug. calls on CS you might want to consider instead Jan. Leaps. The Jan. 10's (deep in the money) are probably about 5 3/4 and it gives you plenty of time for CS to go up on it's own or get bought out without worrying about it week to week. If CS closes above 15 3/4 on the 3rd Friday of Jan. you are at break-even. Anything above that, is your profit. The nice thing about having these deep in the money is you don't have much time premium built in, but you still have a lot of time. Good Luck! Jeff

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