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To: simonds who wrote (20362)8/10/1998 7:09:00 PM
From: joe  Read Replies (5) | Respond to of 45548
 


Does this make sense? How about buying shares for
$28 tomorrow. let's say 1000.

Then if a person writes Sept 25 calls and sells them at $4,
it an almost guaranteed $4K, as long as the stock doesn't
dive to low 20's.

4/28 = 14.28% not bad for a little over one month.

The only risk is if the stock plummets.

Did I do this right...I'm not used to doing options, and
this almost seems to easy...I must be doing something
wrong :-)

joe