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To: adcpres who wrote (32274)10/6/2000 7:34:18 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 42787
 
adcpres you just put in a stop loss order let say at $102. If SUNW hits 102, then net effect you will be short SUNW at 102 and have a covered put at $4 1/4 (in my case).

Today you can write SUXJB for around 5 1/2 and you are ahead above $92 and below $118

If you are short you need to place another stop not to lose on the upside and close the put you wrote. yes all this will cost you money but that is how you can hedge.

Haim