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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Thean who wrote (16256)3/24/1998 9:56:00 AM
From: SJS  Read Replies (1) of 95453
 
Thean,

+/- 10% might permits a "strangle", for example: Selling MDCO 22.5 calls and puts together would yield about 3.25 points, giving protection down to 19.25, or up to 24.75. Obviously if the stock closes at 22.5, you win both sides.

If you like to be in a range, the options strategy is selling strangles.

If you think a big breakout will occur but don't know the direction, then buy a strangle.
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