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Strategies & Market Trends : Option Spreads, Credit my Debit
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To: Bridge Player who wrote (2256)2/7/2003 3:33:52 PM
From: KFE  Read Replies (3) of 2317
 
BP,

Back in July we talked about CPN and naked puts which worked out very well for a nice percentage play in a short time. I just did some Jan05 2.50's for $1.60. Breakeven and maximum potential loss is .90 but I do not expect to hold to expiration. Company still has liquidity problems but even if a bankruptcy looms I still should be able to exit with a small loss.

Regards,

Ken
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