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Technology Stocks : Wolf speed
WOLF 17.90+4.1%Dec 18 3:59 PM EST
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To: Brent Hogenson who wrote (4528)12/12/2000 10:14:06 PM
From: pompsander  Read Replies (3) of 10714
 
"A recent check on the price of these options lists the Jan 40 Call at 6.5 and the Jan 40 Put at 7.0. Which means you don't make a profit until CREE reaches either 53.5 or 26.5
That is high risk, low probability, but high reward."

True. If the stock runs quick, I have been known to buy back the put before the time premium has totally expired, thereby recouping a little on my "bad" side. Then I am at the mercy of the other side, just like a call. Basically, it gives me a little time to try to "guess right". <g>. This straddle worked well with GMST and RMBS earlier this year when both had big news brewing which, either way it went, was going to move the price.
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