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To: Elmer who wrote (122021)12/11/2000 9:45:51 AM
From: kapkan4u  Read Replies (3) | Respond to of 186894
 
Assume you have 100K long shares and the current share price is $15. You can sell say 200 put $15 contracts for $2 and sell 20K shares at $15 short. The downside risk of the puts if fully covered and you still benefit from the upside on 80K of your long position.

Kap