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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (51976)	11/29/1999 8:26:00 PM
From: PAL	Read Replies (1) \| Respond to of 152472

Jill: Here is another idea for an option play: Sell 2 QCOM Jan01/370 puts (ZQIMN), collect $ 16K+ Buy 10 CSCO Jan01/100 calls (ZVIAT), pay $ 16K. (Or multiple thereof). Even with commission, you have CSCO calls for free. Anything over 100 is yours. Time frame: over 13 months. Cost: Margin tie-up - cash $ 35,300. But if you have stocks that are just sitting there, use them for cover. If Qcom is less than 370 come Jan01, then we are in the wrong stock. Therefore, the probability of being assigned is minimal. Will check how much room I have and will do the above tomorrow. best regards, Paul PS: were you the one who asked me about my suggestion to buy cmgi, sell call and sell put to make the purchase price zero? If I had not answered that, my apology. The answer: it is just doing fine.