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To: SJS who wrote (1326)7/27/1998 11:07:00 AM
From: Alias Shrugged  Respond to of 14427
 
No wonder LT hasn't been posting much - he's consulting with the Big Guys <gg>.

Sure hope he doesn't forget us little people.

HD came back down. I bought 30 more Aug 47.5 calls (for 1/2). have an order in for 20 more Aug 40 puts for 1/2.

******************************************************

Possible Low Cost Option Play.

Buy some cheap out of the money Aug calls on a stock which is down but not fatally wounded. When (if?!?!) the stock recovers to the strike price, short deep in the money calls - short 1/2 the number you have long.

In essence, I am doing this with HD. 47.5 calls are 1/2. Stock not yet wounded; earnings are reported 4-5 days prior to option expiration.

Mike



To: SJS who wrote (1326)7/27/1998 11:32:00 AM
From: mph  Read Replies (1) | Respond to of 14427
 
FWIW:

Just received my Fall Saks' catalogue. Skirt lengths are longer for the Fall. Perhaps LT was involved in deciding the fashion trends for women as well as consulting with the Big Guys!<g> As everybody knows, long skirts cause a bear market. <g> (As least as much as the Bulls winning causes the opposite, I guess!)

mph


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