Play It On Paper- Clappy's Newbie Option Thread Message Board

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Pastimes : Play It On Paper- Clappy's Newbie Option Thread

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To: Clappy who wrote (147)	8/21/2000 6:50:39 PM
From: Clappy	Read Replies (3) of 176

TRADE I am selling 2 naked calls on RBAK Sept 125's for 31 1/2. Ticker: BKKIE This automatically gives me $6,300 to put into my account. With this $6,300 I'm going to buy 7 Calls PHCM Oct. 95's for 9. Ticker: UMNJS I still have a balance of $10,000 in my account. The theory behind this trade being that the chart of RBAK looks weak. PHCM's chart looks strong. If the Naz dips, RBAK may drop quicker. If the Naz continues to rise, PHCM will rise quicker. I went out to Oct. with PHCM, thinking that it will give me more time to repair a fall in price. I'm still trying to figure all this out... -ClapOff

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