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Politics : Idea Of The Day

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To: Getcher who wrote (17775)4/3/1998 7:44:00 PM
From: FJV  Read Replies (1) of 50167
 
Getcher,
I would say that selling 50 XCIT Aug 35 puts is a low risk trade, But not a no-brainer. The third Friday in August is over 4 1/2 months away. XCIT traded as low a 23 in early December '97, about 4 months ago. The premium exists because the risk exists, albeit a small one. Meltdowns happen. Don't mean to rain on your parade - just mho.

FJV
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