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Strategies & Market Trends : Tech Stock Options
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To: Nancy who wrote (16719)7/24/1997 3:41:00 PM
From: Judy   of 58727
 
Damn, Nancy, you must have read my mind, and even got the same prems! This is the cheap way of doing it. At the money so we get any gains almost point for point, and if CSCO does not perform the put prems paid for the trade. Bottom line is that one does not mind being put CSCO at a cost basis of 71 .....

Michael, are you listening? Cheap.
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