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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?


To: jjs_ynot who wrote (1408)4/29/2000 3:01:00 PM
From: KFE  Respond to of 2317
 
Dave,

It might work even better if you decide to sell the long stock position if if goes below the strike prices (not sure on that one though).

This might work on some stocks but I wouldn't try it on this one because at this level it has explosive upside potential that could easily exceed the premiums received. Not worried about a big move on the downside because of the book value.

Regards,

Ken