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Strategies & Market Trends : Options
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To: Jill who wrote (2767)2/11/2000 9:19:00 PM
From: PAL  Read Replies (2) of 8096
 
Thank you for alerting MSFT. Bought Feb105 calls at 1 1/4. Since I prefer to use OPM, sold JDSU Mar200 puts at 18 7/8. Each put contract finances 15 MSFT calls.

This is another variation of synthetic long, but the call is s/t while the put has a longer term. Contrast that to OCLI Feb240 puts to finance CSCO/Jan01/100Call-leaps.

This MSFT call is pure gamble, but I like to gamble with house money. Incidently, when you roll a pair of dice, you would like to come 11 (or 7 but 11 is better because 7 can wipe out your flat bets). A pair of aces is bad.

Good Luck to those holding MSFT Feb calls. The stock rebounded somewhat after market.

Paul
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