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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: JoeinIowa who wrote (22399)	11/27/2000 12:11:41 PM
From: Ken W	Respond to of 29382

Joe: We are thinking alike again. Bought RDRT at 5 1/16, but if you don't mind holding the stock a little while you can get a better return by selling the Jan. 7.50's...11% is not too bad, and I don't think the stock will see 7.50 by then. So, according to my "expert" (take a bow Sergio) when the call expires you keep the preimum and the stock. If you lose the stock at 7.50 you still keep the 11%...win, win!! Ken

To: JoeinIowa who wrote (22399)	11/27/2000 12:12:16 PM
From: Ken W	Read Replies (1) \| Respond to of 29382

Joe: We are thinking alike again. Bought RDRT at 5 1/16, but if you don't mind holding the stock a little while you can get a better return by selling the Jan. 7.50's...11% is not too bad, and I don't think the stock will see 7.50 by then. So, according to my "expert" (take a bow Sergio) when the call expires you keep the premium and the stock. If you lose the stock at 7.50 you still keep the 11%...win, win!! Ken