Conseco Insurance (CNO) Message Board

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Non-Tech : Conseco Insurance (CNO)

CNO 44.64

+5.5%

Feb 6 9:30 AM EST

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To: Ken Sammut who wrote (678)	4/7/1998 4:15:00 PM
From: Randy Schmid	Read Replies (1) of 4155

Yikes Ken - did you buy the 542 January '00 50's that sold today? A massive quantity. Like you, I bought some LEAPS as well today. I've been buying Jan. '00 leaps, and with the price rising, have been able to sell 10-pt higher strike leaps against them for the same price, getting my original investment out, and will earn $1000 a contract if CNC is above the higher strike in 1.8 yrs at "maturity". A kind of variation of using Other People's Money. Would be very interested in hearing people's assessment on the merger/acquisition with Green Tree. Regards, Randy

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