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Biotech / Medical : PFE (Pfizer) How high will it go? -- Ignore unavailable to you. Want to Upgrade?

To: Ally who wrote (2592)	5/19/1998 9:19:00 AM
From: ratan lal	Respond to of 9523

Denise The idea is to trade the options regularly. When PFE goes up, buy back the puts, When PFE goes down, buy back the calls, sell more puts and so on. I will have to see how the 1-month options (at a price of 3.25 now) change with price of PFE compared to the december options (at a price of 11.25 now) per your example. It might turn out better to trade the front month as you suggest. Yesterday I bought PFE at 106 3/4, sold 105 puts at 7 3/4. Later sold PFE at 110 1/2 (I think it gaps up today) and bought hte puts at 7 1/4. If PFE does not gap up today, will buy it again and sell calls when I feel it has reached high for the immediate future. THen wait for it to go down, buy back the calls and sell puts. ratan