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Technology Stocks : America On-Line: will it survive ...?
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To: White Shoes who wrote (6955)1/23/1998 10:47:00 AM
From: yard_man  Read Replies (3) of 13594
 
Here's what I've been thinking. Sell the calls and buy the puts at the same strike 6 months out to generate a small credit. Then on a monthly basis buy a substantially higher strike call to protect the position from a runaway. Seems like a relatively cheap way to get the leverage one needs, even with the high premiums.
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