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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (35844)3/3/1998 11:19:00 AM
From: donald sew  Read Replies (1) of 58727
 
Lisa,

You are correct, it is a bearish position.

Your desire would be for the the stock to drop below 115 or lower, so both positions would be worthless and you keep the $7.00. Now if it goes up the most you can lose is 10, not calculating spreads and time value which may skew it just a little.

Seeya
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