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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: Captain Jack who wrote (1109)	11/21/2002 9:10:03 PM
From: country bob	Read Replies (1) \| Respond to of 1169

Hiya, CJ; I should be in the new house by the first of the year. I took your advise on the cabinets.....$26,000 worth! Are you still in HD or just hangin' 'round?

To: Captain Jack who wrote (1109)	11/21/2002 10:47:02 PM
From: David Lawrence	Read Replies (1) \| Respond to of 1169

I'm trying to figure out a way to do a paired trade, selling Lowes calls and buying HD calls. I expect HD's PE to move up and LOW's to drop, each closer to their growth rate. I should easily be able to cover the costs and have some premium left over, and then hope their respective PEs moderate causing their relative prices to converge. There is a risk in selling the naked LOW calls. If I figure it out and execute a trade, I'll let you know.