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To: jjstingray who wrote (115894)4/3/2005 3:30:44 PM
From: ajtj99  Respond to of 209892
 
The trouble with that play is the stop is real obvious, the top of the gap. However, if it drops to 41.54 or so for a double bottom then drops into the gap, the bid/ask spread on the options make it tough to use a stop without losing 10-15%.

Normally on options you have to be double or triple correct, and this adds another element that makes it even more difficult to get the odds in your favor.