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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe) -- Ignore unavailable to you. Want to Upgrade?


To: the options strategist who wrote (1520)7/11/1999 11:40:00 AM
From: Caroline  Respond to of 2241
 
8.50 out (long stock)
4.50 in (short call)
----
4.00 cost basis

If you get called at $5, you've made a $1 per share minus commissions.

If you don't get called, you own IFMX at 4.00.

The only problem I see is that it will take 18 months to make the buck
or be long at 1/2 price to today's value.

Caroline