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To: Sam Citron who wrote (8526)3/22/2004 3:55:01 PM
From: BWAC  Read Replies (1) | Respond to of 13403
 
OT

Off the top of my head this is about how the ratio would go thru mid to late April:

Start KLAC at $49, July 50 Put at $4.50
$50,$4
$51, $3.50
$52, $3.00
$53, $2.50
$54, $2
$55, $1.50

On the downside:
$48, $5
$47, $5.50
$46, $6
$45, $6.40 (Here we are getting the ratio change for the worse. Due to getting so far away from the strike price, and deeper in the money)
$44, $6.80
$43, $7.20
$42, $8 (By now I'm at max loss. No time value to salvage)



To: Sam Citron who wrote (8526)3/22/2004 4:01:00 PM
From: Susan Saline  Read Replies (1) | Respond to of 13403
 
exit NFLX -.10

hope the market turns soon