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Technology Stocks : Intersil - ISIL -- Ignore unavailable to you. Want to Upgrade?

To: A. Wayne who wrote (405)9/8/2002 5:37:39 PM
From: Joe Btfsplk  Read Replies (1) | Respond to of 467
 
If you simultaneously bought $17.39 ISIL and sold equal Oct $15.00 calls for $3.80 -- a buy/write -- your net cost would be $13.59. If, at Oct expiry, ISIL was over $15.00, you'd have your stock called away for the $15.00, yielding $1.41 on a $13.59 investment: a 10.37% return in weeks.

If the stock wasn't called, you'd own ISIL at a real cost, before taxes, of $13.59, perhaps later sell more calls against it.

This of course ignores commissions.


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