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Technology Stocks : Jimbo's Playhouse/CPQ

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To: Paul Senior who wrote (12187)6/1/2007 5:15:31 PM
From: Jimbo Cobb   of 12662
 
I didn't pull the trigger 2day, but was looking at buying FMD and selling the December $40 calls & puts....could raise about $9.50/share doing that...even if stock gets put to you would seem to result in a pretty attractive cost basis (yeah, stock will get popped if they lose 1 of their big 2 customers)....if stock gets called you are making close to a 30% return for 7 months.....

What do U think ? U may not like limiting U'r upside....

Jimbo
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