Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (14627)	2/8/2002 1:18:02 PM
From: TobagoJack	Read Replies (2) of 74559

Hi David, Just looked in on QCOM. Dropping USD 3 on a quiet Nasdaq day is not a particularly auspicious sign. Somrthing is up causing it to go down?! Message 17034640 pcquote.com .aawpf QCOM April 30 Put @ USD 3.7/shr QCOM share @ 36/shr .aawdg QCOM April 35 Call @ USD 5.2/shr ... and so perhaps a long QCOM and short of the above put/call is a better way to go? Net cost of QCOM thus now at 36-3.7-5.2 = 27.1/shr, wait until April, either forced to buy more at 30, or sell what you got at 35, net cost of QCOM at 28.55, or recognize a gain of 29%. Chugs, Jay

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