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To: SJS who wrote (18452)4/8/1998 5:06:00 PM
From: upanddown  Read Replies (2) | Respond to of 95453
 
Buy/Write opportunity 14.8% return in 5 weeks 2 days...
Purchase MDCO stock at 22 3/4, write the May 25 calls for 1 1/8.


Steve:

Could you break out how you make this calculation ?

also..... looking at MDCO's option prices:

cboe.pcquote.com

May 25 last 1 1/16 - bid 1 1/8 - ask 1 3/16 - vol 57 - open 1193

If you had 20 contracts to sell , where would you set limit price or would you sell at market (bid ?).

Thanks much,
John