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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (141)2/25/1998 2:18:00 PM
From: Bill Wexler  Read Replies (2) | Respond to of 4634
 
ATHM March 35 puts (AHQOG) now bidding 2 1/2, the stock is at 34 7/8

For those of you playing along who shorted more ATHM above 35, I would suggest hedging at least a portion of your position by selling these contracts. I personally hedged 50% of the shares I shorted above 35.

Thanks to the recent high volatility in the stock, the option premium now provides a very nice cushion with a relatively short time to expiration.