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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (17772)4/3/1998 3:22:00 PM
From: Getcher  Read Replies (2) of 50167
 
Thanks Ike,

I dumped my SPX April 1080 puts .. protection was no longer being provided and the premium of $5 seemed too high at this level ... so I took the $5 and went home happy.

I will keep my April 315 SOX for a run to expiration, although I think we will have higher lows and higher highs on an every other day basis getting there.

Getcher

Bot MOT Puts for the tumble on its report (4/7 I believe) Also did a combo with RMBS (short apr 45 puts, long may 50 calls) and MCRL (short May 35 puts, long may 35 calls .... looks great).

TO ALL ... Tell me why this isn't a no-brainer trade ... SELL 50 XCIT AUG 35 PUTS FOR $2. (stock is at $57!!!)

Getcher
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