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Technology Stocks : Safeguard Scientifics SFE

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To: Rob Palmer who wrote (2861)5/18/1999 11:34:00 AM
From: kcmike  Read Replies (2) of 4467
 
Rob,

In reference to your response to Mike, just make sure you realize that the "limited risks" you mentioned in selling puts are only limited in that you are "at risk" the difference between the put strike price and ZERO, minus the premium received. If you sell 10 June 80 puts and receive $10 premium, you would have to "cough up" $70,000 if the stock closed below 80 on expiration.

Sorry for intruding on your dialogue .. just trying to help. Mike has been generous enough to help me as well.

Mike
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