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Technology Stocks : Cymer (CYMI)
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To: Zeev Hed who wrote (9753)11/15/1997 2:03:00 PM
From: Greg Jung  Read Replies (1) of 25960
 
Zeev, he sold his rights for $1 not $5.
He bought the stock for $26. If he'd have sold calls at that time of course he'd be much better off. (probably $5/share then). He's better off outright owning the stock because it does have the potential to zip back to 25, 30, 35 - at which point I'd advise to sell cc and buy protective puts. Happy scenario would be, you sold Dec30 calls and bought may puts, your dec30 gets exercised and you still hold the puts, then stock tanks and you cash in the puts, buy stock.
Yum Yum!
One of these days I'll get that prize.

Greg
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