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Technology Stocks : Stock Swap

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To: Galirayo who wrote (13087)4/2/1998 11:18:00 AM
From: Patrick Slevin  Read Replies (1) of 17305
 
Still not short; actually long a few contracts right now. But remember all the nay-sayers who refused to believe INTC would eventually dive below 70?

There is still some long side day-trading left in this market for the time-being in my opinion.

Anyway, Merrill must have some sort of way to play those put warrants using a spread in order that they can capture profits no matter what happens. If I had to guess, the most simple play would be to short a basket of DJIA stocks and sell the put warrants....essentially trading the stocks while bringing in capital off the puts.
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