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To: Jill who wrote (2910)2/13/2000 7:45:00 PM
From: Jill  Respond to of 8096
 
Addendum to my post: March 65s are 5 bucks, March 70s are 3 bucks, and April 65s are 7.



To: Jill who wrote (2910)2/13/2000 9:00:00 PM
From: RocketMan  Read Replies (1) | Respond to of 8096
 
No, Jill, I don't think that will work, because the way I understand it the distribution will be to holders of record as of the IPO, which is Feb 29. And the distribution does not happen for six months. So if you flip them early, you may not qualify. That is part of the uncertainty. So I imagine you need to go out at least six months, which places you in leap territory. Surely there is someone who can give the right answer and an assurance. Maybe cboe?



To: Jill who wrote (2910)2/13/2000 11:44:00 PM
From: DM  Respond to of 8096
 
Jill

I bot March 45 calls, and sold march 45 puts to help pay for them. I did this before this last run up.

I believe if 60 holds tomorrow then you might want to look at some ITM calls.

I will probably buy more tomorrow and will let you know what I do.

DM

PS I am doing this strictly to make money from the calls when the IPO happens, i will not be holding them until expiration. (I have shares of 3COM for the spinnoff)


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