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

To: Bridge Player who wrote (2285)	7/23/2003 3:54:39 PM
From: Allen Furlan	Respond to of 2317

Bridge player. Nice trade. The premiums were certainly rich. Must have been when stock ticked up to 11-12. I do not know what option experts call the trade but it is a put/call combination to me. I tend to be a long term value investor and have been very poor at predicting short term trends. That is why I concentrate on long term options where I think the fundamentals are such that the option players have it wrong. Mostly sell options or combinations at strike prices far out of the money. On margin my sgr initially cost 10% plus premium(.80 + 1.1)If sgr goes to 20 that would probably be 2.00 +.2), ie margin goes up because stock price part of requirement rises.