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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: adcpres who wrote (32272)10/6/2000 7:12:46 PM
From: Haim R. Branisteanu  Read Replies (1) of 42787
 
adcpres, MAX point on SUNW is $105. Further my suggestion was that if you have an intention to buy SUNW at $98 then better write SUXVJ. If there is no intention to buy the stock then you are partially right.

Further you can place a stop order to go short the stock at a lower price or hedge yourself with a SUXVS.

In my case I wrote a while back SUXJB were I am now well ahead.

So I will lose money only if SUNW dips below $86 or rises above $124 by October 20. For sure until expiration I will be out of those positions anyway.

Presently the pair "put/call" are shrinking in value around $50 a day so as long SUNW trades up and down several $$$ I make money. I will be allert above $114 or $102 the recent low.

Haim
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