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Strategies & Market Trends : Tech Stock Options

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To: donald sew who wrote (42674)	5/8/1998 10:30:00 AM
From: ratan lal	Read Replies (1) of 58727

donald Since I did not want to play the news this morning, I closed out of both positions yesterday by selling my 540's for 12.50 and buying back the 530's for 7, which gave me $5.50 - $.87 = $4.63 profi If you had not sold the 530 puts, you would have made 12.50-4.75=7.75 whcih is almost double the 4.63 you made by selling the 530 puts. Is that because you had twice the number of options?? ratan

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