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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?


To: Bruce A. Brotnov who wrote (11452)8/19/2002 4:41:58 PM
From: Dave Gore  Read Replies (2) | Respond to of 16631
 
Well, to be honest, it would make me a little nervous if I owned a lot of shares long without a hedge on some puts. Maybe that's all it is not a lot of actual dollar volume. The options are $25 bucks each (i.e. .25)

What do you think?

I guess my bottom line is why risk a bunch here when we already have nice 30%+ profits on ACF?



To: Bruce A. Brotnov who wrote (11452)8/19/2002 5:17:25 PM
From: DELT1970  Respond to of 16631
 
Schaeffer's wording is a bit confusing. A trade on a Put bid is often a short or sold Put, meaning somebody might have wanted to capture the 25 cent premium and hopes the stock does not close below $7.50, or is willing to own it at $7.25 net cost if it is Put to him. Or, am I confused?