Ericsson overlook? Message Board

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Technology Stocks : Ericsson overlook?

ERIC 9.520

-0.9%

Dec 1 3:59 PM EST

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To: Howard Bennett who wrote (1239)	1/27/1998 1:46:00 AM
From: MonsieurGonzo	Read Replies (1) of 5390

Howard; RE:" ERICY " UNDERLYING: ERICY: 38-3/8 DIV.YIELD = 0.84% ($0.32/s MAY-97) ADR (Stockholm); Supports: 37-7/8; 35-1/2; 34. Morning Star 12-JAN; Trading Range = 34 to 40-1/4; Just broke DownTrend Line. P/E = 33.6 TACTIC: Diagonalized Call Ratio BackSpread EXECUTION: Sell 1 RQCBG FEB 35 CALL @ 4 (delta = 0.82) Buy 3 RQCDI APR 45 CALL @ 1-1/4 (delta = 0.28) + $400 credit for 1 RQCBG FEB 35 - $375 debit for 3 RQCDI APR 45 ---------------------------------- + $ 25 net credit of position {delta neutral = 1:3} CHARACTERISTICS: Profit limited on downside (to net credit received when position is taken) but, open-ended in rally. ERICY Price At Profit On Profit On FEB Expiration 1 RQCBG 35C 3 RQCDI 45C PROFIT -------------- ----------- ----------- ------ 33 + 400 - 375 + 25 34 + 400 - 375 + 25 > 35 + 400 - 375 + 25 36 + 300 - 375 - 75 37 + 200 - 375 - 175 38 + 100 - 375 - 275 < 39 ..... - 375 - 375 40 - 100 - 75 - 175 > 41 - 200 + 225 + 25 42 - 300 + 525 + 225 43 - 400 + 825 + 425 44 - 500 +1125 + 625 45 - 600 +1425 + 825 46 - 700 +1725 +1025 47 - 800 +2025 +1225 48 - 900 +2325 +1425 49 -1000 +2625 +1625 50 -1100 +2925 +1825 -Steve

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