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Technology Stocks : Safeguard Scientifics SFE
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To: David Lawrence who wrote (1449)6/13/1998 2:43:00 AM
From: michael r potter  Read Replies (1) of 4467
 
Interesting proposition...As of Fridays close, the Aug. 35 puts on SFE are around $2 1/4 and the Nov. 35 puts app. $3 5/8. That means that if one would like the opportunity to pick up more SFE at a lower price one could sell lets say 10 Nov. 35 puts for app. $3600. That means you would give someone the opportunity to put 1000 shares of SFE to you at $35 anytime between now and option expiration in Nov. If it is not put to you, you keep the option premium. If it is put to you, you buy SFE for $35 and of course still keep the option premium which means you buy SFE for $35 minus the $3 5/8 or $31 3/8. Not a recommendation, just an idea for those who are familiar with options, and would like the opportunity to pick up more SFE at what appears to be a cheap price (and if it doesn't happen, at least get some cash for trying]. For most, the best idea is to just buy and hold, and I think Robert Millers timing at $35 and change is great. Thanks to all for the high quality input. This is definitely a class act.
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