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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (23122)	8/3/1998 5:21:00 PM
From: James F. Hopkins	Respond to of 94695

My Broker may question my option spreads if I were to use margins, I'm approved for margins but I very seldom ever use them anyway. Only once this year did I get on margins, and that was an accident, I bought some split adjusted calls (leaps) on CPQ, and while they never moved against me..I had unwittingly bought 2.5 x as many as I thought I had. <G> They gave them to in in spite that it put me margin, no questions asked, I discovered it some 5 trading days later, & thank goodness CPQ had moved up. Being the chicken that I am, I grabbed the profit, ( felt I didn't deserve it ) but took it and ran, however had I let them run I would have made much more. MUCH ! as I had caught her at 23 and they were also deep in the money. Jim