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Strategies & Market Trends : Option Spreads, Credit my Debit -- Ignore unavailable to you. Want to Upgrade?


To: Bridge Player who wrote (2256)2/7/2003 11:20:55 AM
From: Ira Player  Respond to of 2317
 
I, of course, meant the American options would be exercised immediately (European cannot be...)

My old "English" teachers would be appalled...I did switch without reference, didn't I...

Ira



To: Bridge Player who wrote (2256)2/7/2003 3:33:52 PM
From: KFE  Read Replies (3) | Respond to of 2317
 
BP,

Back in July we talked about CPN and naked puts which worked out very well for a nice percentage play in a short time. I just did some Jan05 2.50's for $1.60. Breakeven and maximum potential loss is .90 but I do not expect to hold to expiration. Company still has liquidity problems but even if a bankruptcy looms I still should be able to exit with a small loss.

Regards,

Ken