Costco, slow but sure? Message Board

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Non-Tech : Costco, slow but sure?

COST 943.10

+2.0%

3:59 PM EST

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To: WalleyB who wrote (841)	1/20/1999 4:58:00 PM
From: Carmine Cammarosano	Read Replies (1) of 1147

If you sell one April 70 put (contract) for $4...you get $400 and someone can force you to buy their 100 shares for $70 each...the deadline is the third Friday in April...if COST shares are going for anything above $70, no one will force you to buy COST and you walk away with $400...if the share are trading for $65, then you can be sure someone is going to "put" 100 shares of COST to you for $70 each...of course, here also, you keep the $400...You can use it when you buy your shares...

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