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Strategies & Market Trends : Action & Options- Taxikid plays

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To: BamaReb who wrote (2658)	11/10/1997 3:20:00 PM
From: Hans	Read Replies (2) of 4339

banana red<g>, market has been slumping. How bout buying ASND stock and selling Dec 22 1/2 covered calls for 2 3/4? small profit if called out, and some downside protection as well plus free premie. I was in at 35 and out at 33 for a quick profit of -200. 25's are better than 20's because you lose a lot less money if stock DSNDs to the awkward age.

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