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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: valueminded who wrote (79798)4/18/2000 2:35:00 PM
From: Knighty Tin  Respond to of 132070
 
Chris, I still have a third of GZTR and am short some puts for another third. I also have long calls on BXM, so I like the valuation of the deal right now.

I like a lot of last year's IPOs for downside, but the put premiums are enormous. As I've mentioned here before, I am finding better deals on credit spreads than on straight put buys at this time. I just find it hard to pay 20-25% for a put.