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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Phil Cressman who wrote (4431)3/20/1998 3:22:00 PM
From: Biomaven  Read Replies (1) of 9719
 
<<Just talked to by Broker and he told me it will cost $12 for an april Put at $70.00 (Stock quoted at $77)>>

That can't be right. Real-time quote from Fidelity is 3 3/4 by 4 1/8 for an April 70 put when I checked around 2.30pm. Even the April 75 puts are only just over 5.

Remember selling a naked call and buying a put is the same as shorting the stock at the strike price. Doing this with the April 75's nets you about $6 per share up front.

Peter
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