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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?


To: John G. Mueller who wrote (10157)3/26/1998 9:59:00 AM
From: David Semoreson  Read Replies (1) | Respond to of 213176
 
>>If you are long 200 shares apple and you think its going to 40
>>by July, you could leverage your position by selling 2 July 25 calls
>>(5) buying 5 July 30 (2)

Selling the july25 effectively cancels the upside on your shares. Why not just buy the july 30 if you believe it will be there?



To: John G. Mueller who wrote (10157)3/26/1998 3:06:00 PM
From: Linda Kaplan  Read Replies (1) | Respond to of 213176
 
John, That elegant options play is making my head spin. What are the numbers in parens, please? Linda