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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?


To: Paul Fiondella who wrote (22425)6/2/1998 2:37:00 PM
From: EPS  Read Replies (2) | Respond to of 42771
 
Tactics

The August 5 and August 7 1/2 are at about 3:5 ratio right now. So roughly if you buy 50 August 7 1/2 and sell 30 August 5's you get at expiration 20 *free* August 7 1/2..The cost is zero.

IMHO the risk that NOVL will be between 5 and 7 1/2 is verry small.