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Strategies & Market Trends : Point and Figure Charting

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To: flashy who wrote (5786)	8/13/1998 12:52:00 PM
From: Ms. X	Read Replies (1) of 34811

Hi Cindy, Yes the term would be to buy a put "buy to open". If QCOM is at 55 and you buy strikes of 55 you are at the money. If you buy 60's you are 5$ in the money. If you buy 50's you are 5$ out of the money. I like to go in 10$ in the money. That would be 65 strike if QCOM is trading at 55. Can I make it any more confusing for you?

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