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To: ItsAllCyclical who wrote (61255)3/2/2000 11:22:00 AM
From: Umunhum  Respond to of 95453
 
I made an interesting trade on OXY today.

I bought 100 Jan 20 calls for 1.56 or $15,625.
To pay for these I sold 17 Jan 25 puts for 8.75 or $14,875.

My break even point is OXY has to be approx $20.75 next January. If OXY is at 25, I make $50,000, and if OXY is at 30+ (which is what I expect), I make $100,000+.

Worst case scenario is I own 1700 shares of OXY at approx $25.5 (with commissions added)


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