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Pastimes : Ask Steve

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To: FruJu who wrote (4534)1/2/1998 8:42:00 PM
From: hpeace  Read Replies (2) of 4749
 
evan, this is a time of great unknown.
japan being a 35% customer of atml and thier demand could dlacken and the exchange rates could cost a 15% lost if the didn't hedge the yen correctly.
covered calls would be good but you would need protective puts and you need upstrike calls if it takes off after their earnings.
it's all in here:
exchange2000.com
if you sell your atml at 20 monday and buy the jan 20 calls then you
profit $ for $ if it goes up and you can lose 1$ if it crashes again on their earnings announcement
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