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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (160)	4/12/2007 2:58:03 PM
From: Ira Player	Read Replies (1) \| Respond to of 5891

Bridge, I had been watching MOT but looked away when it gapped down in March... It does seem to show stability here since the gap... Thanks for the heads up. I'm trying for some July 16's if I can get them for $2.00. I'll then try to get $0.90 for some May 17's. When the position is established, I'll have bought 5% more July 16's than I sell May 17's to keep profit if MOT takes off. If entered, both legs at May Expiration: Break Even is at 16.6 Max Gain is at 17 (23%) All above 16.75 over 9% return 25% loss is at 16.21 Downside risk seems reasonable, with the support shown since the gap down. Ira