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To: Jan Crawley who wrote (14150)8/20/1998 10:58:00 AM
From: Steve Lachance  Respond to of 164684
 
Jan:

I'm short 100 shares. I hate the thought of paying $900 for the Sept 130 call though. I can't see the stock going to 139 or higher, and that's where it would have to get to just break even. I'd rather sell the 120put at $900 and hope the stock doesn't go too much higher! If I do sell the put, I may get screwed if the stock keeps going up. The chart looks confusing to me right now.

Thanks - Steve


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