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Strategies & Market Trends : Options

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To: Jill who wrote (2746)	2/10/2000 11:11:00 PM
From: rkral	Read Replies (3) of 8096

Jill, I've been reading the thread .. McMillan OSI .. charts .. thread .. OSI .... for a while now. Originally planned to not trade until I finished OSI, but have fallen off the wagon twice, once with an AOL LT cc (2001 Jan), 2nd with a QCOM NT bear credit spread (Feb). I am sending this to you to get your opinion of a cc trade where my objective is to skim the premium .. not really caring if the call is exercised, because the premium is sweet .. or if I'm left holding the stock, because the company's numbers look good too. Still doing DD on the fundamentals. Stock:ADIC Common: 63.00 Exp/Strike: 2000 Mar 60 Bid: 9.38 Open Contracts: 276 (low) Breakeven: 53.62 Downside Protection: 14.8% Profit if exercised: 69.38/(63-9.38)= 1.29 = 29% bef. comm. 1-yr Price Appreciation: Top 1 percentile P/E = 64 Annual Revenue: $226M Annual Earnings: $14.5M Net Profit Margin: 6.5% (low) Is this not a sweet deal? Unless the stock tanks, of course. Ron

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