Cymer (CYMI) Message Board

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Technology Stocks : Cymer (CYMI)

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To: Steven Angelil who wrote (9058)	11/11/1997 6:12:00 PM
From: Greg Jung	Read Replies (1) of 25960

More 20/20 hindsight: << I guess a while back when the stock wasn't broken, it would have been a good hedge to buy the May 20 or 30's- >> Those were then unthinkable prices (20) - probably no option available. When stock was at $45 if you felt you were "full", the thing to do was sell calls (say, Feb 40 for $8) and buy puts. If you're trying to make an income out of it you have to buy the puts deeper than the call protection - there's really no safe way to do it, and no time is a safe time. Being short calls sticks you with the stock or an extra couple of points (net) to exit. Greg

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