Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: put2rich who wrote (2763)	9/15/1998 1:32:00 PM
From: Bill Wexler	Read Replies (1) of 4634

Long Costco stock + long calls on Costco + short puts on Costco. Short puts on AXP (premiums are rich). Still watching CCI...leaning towards shorting out of the money puts. P.S. for those who don't understand the above...shorting a put is the inverse of buying a call. If the stock dips below the put strike before expiration, I can get put the stock at the strike...but I will keep the put premium, effectively giving me a discount on the stock.

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