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Biotech / Medical : Centocor ( CNTO )
CNTO 0.000010000.0%Mar 7 3:00 PM EST
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To: Todd D. Wiener who wrote (736)7/2/1998 10:56:00 AM
From: PawPr  Read Replies (1) of 965
 
That's not something I would have done. With the stock presumably about 36 when you did the transaction, the put without any time premium is worth 14. So all you got is an additional 3 point time premium which I think is lousy compensation for the risk inherent in being short a put 2 1/2 years from expiration.

BT
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