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Technology Stocks : Rockwell-Spins off Conexant (CNXT)
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To: The Phoenix who wrote (737)3/1/2000 10:29:00 PM
From: Kayaker  Read Replies (1) of 2013
 
to be honest I don't think we'll get to 82 which is my price

Well, heck, if you like 82, consider shorting the April 105 put, which you could have sold at the close for 23-1/8. If CNXT is below 105 on April 21st, you get the shares for a net of 81-7/8 (105 - 23-1/8). If it closes above 105, you don't get the shares, but make 28% (23-1/8 over 81-7/8) in less than 2 months. (I'm on hold waiting to put in an order to short the April 90 puts.... would someone please refill my glass.... the aussie sauvignon blanc please..... those are strange whales..... hey, we both play darts!)
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