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

To: WTMHouston who wrote (1553)	7/23/2000 9:47:49 PM
From: Bridge Player	Respond to of 2317

As indicated, the net cash outgo would be around $4700 plus commissions on 10 contracts. Margin requirement on the short 25 strike puts would be (depending on your broker) 20% of the underlying or 5000 plus the premium, 6750, for a total required margin of $11,750. AFAIK. Plus of course the ability to write naked options. I should mention that EFII has roughly $8 per share of cash and short term investments on the balance sheet, a current ratio of 8:1, and has instituted a stock buyback program which is partially complete. BP