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Non-Tech : Tyco International Limited (TYC)

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To: TigerPaw who wrote (1110)12/17/1999 1:41:00 PM
From: Chuzzlewit  Read Replies (1) of 3770
 
TP,

You might consider selling intermediate-term OTM puts as an alternative. They are more conservative than owning a call because as the seller of an option you have time value on your side. They are functionally equivalent to covered calls, and so your downside is less than owning the stock outright and the upside is limited to the premium received. Another advantage is that they allow you the use of the cash (within the limits of margin maintenance requirements).

TTFN,
CTC
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