Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (31197)	10/10/1998 7:47:00 PM
From: Joseph G.	Read Replies (1) of 94695

Bill, I don't know your number system, and I even don't know that you have a number system (whatever it may be). I'm just saying it's a $30 stock and US liability laws prevent common stocks from going negative - thus max theoretical gain on a $25 strike put is limited to $25. And in practice it is extremely likely to be less than $25. CCEWE is quoted at near $2, so the likely gain does not look enticing to me, relative to risk. On low priced stocks spreads and commissions take out a greater chunk of your put costs. That's all.

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