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Non-Tech : BMC Industries
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To: James F. Hopkins who wrote (236)11/22/1997 12:00:00 PM
From: Creditman  Read Replies (1) of 359
 
Here's a suggestion for you Jim ... Why not sell calls on your BMC? You get around $1 for the Dec $20 which expires the third Friday of next month. That way you get the dolar now which sort of covers you against at least the first dollar of any further down move. If the stock goes over $20 by the exp date they pay you $20 and buy it from you but as you don't believe BMC is going up ... Heck! maybe you could make a dollar a share a few times. What do you think?
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