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Strategies & Market Trends : Action & Options- Taxikid plays
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To: taxikid who wrote (1762)8/31/1997 12:23:00 AM
From: Hunt   of 4339
 
Have you thought about selling puts to establish your postion in CREAF? That way you could get it a discount. Money in, without
having to commit yourself to today's price. If you sold the Sept 20
for 1 5/16, that a purchase price of 18 11/16( commission excluded
of course). The Sept 17.5 puts can be sold for 1/4 thats an effective
price of 17.25. Margin requirements would varie from broker to broker.
Sorry if I have brought up something that has been discussed before

Ahh, pizza has arrived time to go enjoy. All the best.

Randy
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