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Strategies & Market Trends : Arbitrage Plays

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To: Keith J who wrote (342)11/16/2001 2:24:46 PM
From: Allen Furlan   of 376
 
Keith, this seems more like a play on survivability of ENE. I prefer to speculate in a more straight forward way. Sold 10 ofema, 2003/5 puts at 1.4. Margin of 900 plus 1400 proceeds for the position. If takeover works the stock will be above 5 by Jan 2003. Risk is owning ene at 3.6.
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