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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: boris_a who wrote (107375)4/22/2000 3:34:00 PM
From: Joe NYC  Read Replies (1) | Respond to of 1575424
 
Boris,

I mean selling 1 cc with a low strike (at the money) and buying 2 calls with a high strike? Where are the pitfalls?

I guess the downside is that the stock moves up slowly, does not exceed the higher strike. You end up losing the stock at the low strike price and you end up missing the upward movement of the stock.

Joe



To: boris_a who wrote (107375)4/22/2000 4:09:00 PM
From: kash johal  Respond to of 1575424
 
Boris,

If you are determined to play the option game.

Consider selling some in puts.

And use the premium to buy some calls.

With all the likely near term Naz tribulations Jan 2001 calls/puts may be a good bet.

regards,

Kash