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Strategies & Market Trends : Tech Stock Options

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To: Darth Trader who wrote (42360)5/6/1998 11:25:00 AM
From: donald sew  Read Replies (1) of 58727
 
Darth,

Additionally, even if the the OEX runs up 15-20 points and both the 540's and 530's expire worthless, I will probably have until next WED/THUR to cash out of both positions without a penny loss since the difference between the 530's and 540's should still be greater than $1.00 at that time. So, I am in a very relaxed position. I could sell now and gain $3.00 per share which is about a 60% gain of my original capital. But if I hold and it works I can get max.$10.00 on my revised 78 cent investment. My loss can only be profit, no capital loss.
Seeya
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