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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?

To: Douglas V. Fant who wrote (9190)1/29/1998 1:41:00 AM
From: Burton Waxman  Read Replies (2) | Respond to of 13925
 
DOUG: I can't disagree with your strategy; however in addition to the sale of covered calls, I sold July 17.5 puts against cash. This second approach has two benefits: My sales price of 3.75 brings the yield to over 25% for the next six months, and the money is held in a money market account which yields an additional 0.5% interest per month. Your thoughts?



To: Douglas V. Fant who wrote (9190)1/30/1998 12:38:00 AM
From: Ben Beale  Read Replies (2) | Respond to of 13925
 
Doug,

I wish I written the 20's. Instead, I sold 17.5's.... Thanks for the in-depth analysis. Good thoughts.

My big question now, as CREAF dips back and forth in this range is whether to buy back my calls. I sold Februarys and there have been times in the last week or so I could have had them back for less than half what I got. On the other hand, money and I hate to be parted. Any thoughts; stand pat or get my calls back?

r/s
Ben


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