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To: ild who wrote (141122)1/1/2002 5:01:26 AM
From: Haim R. Branisteanu  Respond to of 436258
 
No I do not own those warrants any more sold them I think during the summer when I started trading €/$ currency options. Still long substantial amounts of € in cash.

Current positions are (all sold options on $500,000)

Jan 10 0.8950 Calls & 0.9000 Puts for 2.02%
Jan 16 0.8950 Calls ....................... for 0.67%
Jan 21 0.8830 Calls & 0.8830 Puts for 2%
.................................................... Total 4.69% or $23,450

€ now at 0.8890 or $10,500 exposure ($13,450 theoretical paper profit)

Hope for a small pop in the euro to close and roll over the 0.9 put and then some drift lower to render the other option almost worthless.

Haim



To: ild who wrote (141122)1/2/2002 12:32:21 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
Yes, I knew that someone on the thread had talked about 'em. Nice trade!