Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (9464)	10/24/2000 1:43:33 PM
From: rx4pain	Read Replies (1) \| Respond to of 65232

Heh, I know what you mean about trying to figure out the potential returns. Personally, I try to keep it as simple as possible. Ex: I bought the EMC Jan '02 90s(I like atm's) at $23.50. Then I sold the 120's about 2 weeks later for $16.375. My cost is now about $7 and as long as EMC is trading above $97(rather than $113.50) in Jan '02 I'm in the money, with my profit limited up to 120, or 30 points...a tad over 300%. I like atm calls on real companies. The LEAPS give me all the action I can comfortably deal with. And the short side of the spread cuts my exposure a bit. Rx