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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?


To: Joe Waynick who wrote (157)8/26/1998 6:17:00 PM
From: RBane  Read Replies (1) | Respond to of 355
 
Joe,
I think this is very interesting, what you're doing here, but I'm not 100% sure that I understand what you're going to do each month.
Are you saying you're going to sell the stock each month?
After today, your total position gained 11/16 if you liquidated everything. Is that what you plan to do each month?
I looked at the chart and I can see why you're doing what you're doing with this company.
Thanks for the explanation.

Ron



To: Joe Waynick who wrote (157)8/26/1998 6:21:00 PM
From: ScamSeeker  Read Replies (1) | Respond to of 355
 
Hi Joe,

Wouldn't your return be (18k - 4.5k) / 24k = 50% assumming that
both of your option expire worthless.

Also, wouldn't your return would be even less if the stock doesn't cycle once per month.

Do you blindly buy and short the stock at your limits 24 and 26.25 or do you try to time the transactions in order to maximize profits.

Thanks for the info.

Richard