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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?


To: md1derful who wrote (4533)11/8/2000 1:46:55 PM
From: Robert Rose  Respond to of 6531
 
at 113, i don't care about knives, i care about rockets!



To: md1derful who wrote (4533)11/8/2000 1:49:04 PM
From: Robert Rose  Read Replies (1) | Respond to of 6531
 
so md, is fl going g or b?



To: md1derful who wrote (4533)11/8/2000 9:22:36 PM
From: BUYandHOLD  Respond to of 6531
 
113? That would be the day.
But check this out;
If you write a short straddle (Dec)for BRCM @ 150.00, you will pick up $20.00 per contract on the Dec 150call and $18.00 on the Dec 150put (RDWLJ and RDWXJ respectively)
finance.yahoo.com
If BRCM>150.00 on Dec expiration date you will walk home with $28.00
less BRCM@ 150, say 100 shares.

And now for the clincher...drum roll please...
If BRCM<150.00 on Dec expiration date it will be put to you @ $150.00. Subtract the $28.00 (from the put/call straddles) and just bought BRCM at 112!! Is that good or what!

Note: commissions are less than $200 and the option prices are quotes for today only.