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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (35851)3/3/1998 11:43:00 AM
From: broken_cookie  Read Replies (1) of 58727
 
hi lisa,

your very bullish spread buy calls and sell puts at equal strike is a synthetic long. very risky.

your margin requirement assumes the possibility of tbr going to zero.

you may want to buy some way OTM puts to limit your requirements on the short put side.

sold out of cpq for a 2.5 point loss yesterday. :( I'll look to get back in at 27ish.

sold puts on bay today, bought more jan99 calls. cs blowing up was overdone.

take care
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