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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?


To: luther yow who wrote (1094)12/16/1999 12:29:00 AM
From: Mike Gordon  Read Replies (1) | Respond to of 3770
 
Regardless if TYC makes any significant moves, a prudent investor should consider selling the Jan 30 covered calls which should yield 10%. These calls sold between 2 9/16 and 3 1/2 today. Not a bad return for holding a month. If TYC fails to meet 30, sell the Feb 30 covered calls.

Another strategy is to simply sell the Jan 30 puts for 3. At worst, TYC is put to you at 27.