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Technology Stocks : C-Cube
CUBE 35.68-0.4%12:01 PM EST

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To: Peter V who wrote (31192)3/20/1998 4:22:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) of 50808
 
peter...

end of story on that bear credit spread

if you had the cajones to wait until the end of the day ( I would not have)

the profit 8125(not including commissions) in one week
with a risk of 1875 (but remember the cash sits in your account the whole time because you had a 4.625 credit..so you earn interest)

there is a 99 leap I am looking at that could put 48k in your account on 50 contracts and because of the interest ... definitely help pay for the risk factor...

where did the stock end up....

somewhere right in between the 20 and the 25 spread

so you see....you can make money
....the stock basically dropped two - to 2 1/2 points and on 50 contracts the net was 8125

of course if it had been under 20 that would have been 23125

all figures approximate...
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