USRX /COMS - and other "stuff" Message Board

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Technology Stocks : USRX /COMS - and other "stuff"

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Sonki who wrote (4075)	5/26/1997 9:06:00 PM
From: Glenn D. Rudolph	of 5244

I am learning from u. Naked NKE ! Actually, just thought of somehing. You actually want the stock to remain in the range when u r naked, right? Best situations is both of them expired worthless. So would you say earning is not the play here? I am used to straddle. Where I buy both call/puts and hope the stock moves drastically in one direaction. When u r naked u want it to NOT move. So would it be june play before the earning? Please advise. get serious. I am attempting this for the first time. Sonki, You have the point exactly. I would like the security to be between 55 and 60 on June expiration. That is the ultimate profit. There is still a profit up to 52 or 63 and then it is a wash. Upside is a loss after 63. Downside I take the stock and sell covered calls. In eithercase, I own NKE for 52 if it moves down. Worst case is it goes above 62 and I take a loss. Glenn PS You are use to a long straddle withe hopes of large movements. A short straddle would be selling the puts and calls at the same strike price. I again prefer to sell since I keep the premium.

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