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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.32

-0.1%

Jan 30 9:30 AM EST

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To: RetiredNow who wrote (70991)	9/1/2006 9:04:06 AM
From: Elroy	Read Replies (1) of 77400

I don't really know. I bought 100 contracts for a dime. I think at that point in time CSCO was $17.25 so you could probably have bought as many contracts as you wanted for a dime, they were ~17% out of the money and expiring in two weeks..... Actually, I looked it up and I bought 100 Sep CSCO $20 calls on Aug 7th for a dime each. At the time I think CSCO was only $17.30 or so. In response to your question (how many can you buy) if you are willing to take that kind of risk (CSCO will rise ~20% in 6 weeks) I'm pretty sure you can buy as much as you want. Worst comes to worst you would have to pay 15 cents for what is now worth $2....

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