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Technology Stocks : Softbank Group Corp

SFTBY 81.06

-8.3%

Nov 4 3:59 PM EST

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To: TobagoJack who wrote (2897)	12/29/1999 2:06:00 PM
From: Edwin S. Fujinaka	Read Replies (3) of 6018

Nice move, to sell the ETrade July 30 Puts and receive $8.625. This means that if next July, ETrade is selling at over $30 you just pocket the $8.625/share that you got for the puts. If E*Trade is selling below $30, you'll wind up buying the shares at the $30 but you still have the $8.625 in your pocket so your effective price will only be $21.375. I've tried this on a couple of stocks that I thought were underpriced and set for a runup. The problem was that I was correct in the runup, but the runup was so large that I regretted not actually buying the stock itself <G>. Still, many people are not aware of how conservative some of these options plays really are. So when will we here in the US have Softbank options to trade <G>?

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