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Strategies & Market Trends : Options
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To: Jill who wrote (1783)1/27/2000 11:23:00 AM
From: RocketMan  Read Replies (2) of 8096
 
Just used a little stock substitution therapy on GMST. It has been dropping quite a bit lately, so I sold what common I had and bought Sept ATM calls for around 15. I am not out of GMST common entirely and strictly in calls. I don't like the way it has been trading lately, and the calls have gotten cheap.
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