Elan Corporation, plc (ELN) Message Board

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Biotech / Medical : Elan Corporation, plc (ELN)

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To: Return to Sender who wrote (699)	11/18/1999 10:36:00 PM
From: Gary Korn	Read Replies (2) of 10345

Sender, You are definitely not too late to get back in. To ease the pain, try this: Write (sell) naked puts on ELN. It is way to buy the stock at a discount. You might sell the December 27 1/2 puts for 2 1/2 points. Worst case, you will have bought the stock at 25 (27 1/2 paid by you upon assignment, if it happens, minus the 2 1/2 points you got). Best case, you pocket 2 1/2 points and don't take assignment, which is like riding ELN up to 30. For more premium, do a later month. You can sell the April 27 1/2 puts for over 4 points!!! That is like buying ELN at 23 1/2 in April, worst case. Actually, this option is pretty intriguing to me! Gary

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