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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (2905)3/21/2005 7:28:06 PM
From: profile_14  Respond to of 13449
 
I am not advocating any trade, I repeat. I am only saying that you are boxed. It's OK, but it is a $2k profit max, and that is great, if you are comfortable that the stock is going to be at or below $55. It is a breakeven trade if it finishes at $57 on June expiry. If you're comfortable about the trend, just buy a deeper in the money put or wait to write the June 55 puts after it drops some more to capture a larger spread.

Best regards and good luck,


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