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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?


To: porcupine --''''> who wrote (20827)2/20/1998 9:16:00 PM
From: helkel  Read Replies (2) | Respond to of 36349
 
huge volume on april 17.5 puts (1100) contracts
that is bullish if sold, bearish if bought
not sure what is going on, but if pair
goes back to 15-17 level this person makes
a mint
anyone have any thoughts about the volume....
also, a close at 20.5 is still option related becuz i dont think (and i owned and sold some) the feb 20 calls never fell below .375 or .4375 or so (and thats on the bid) thus the sellers almost always got their .5 (above 20 strike) dollar back....
sippin a cold schlitz and watching mr rukeyser

hk



To: porcupine --''''> who wrote (20827)2/22/1998 12:35:00 AM
From: ratan lal  Respond to of 36349
 
Porc

Good idea. Please fill in the foll holes:

1. What happens if PAIR drops to 15
2. Why not sell $20 put and get $1. Your net cost if PAIR goes below $20 is $19. You get premium and your margin is only 25% of 20.
Here the implied price of PAIR in March is $19.

Please note that Options is not an investment strategy but a gambling strategy. The expiration makes it gambling. There is no expiration in owning security.

ratan