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To: Mark Fowler who wrote (20157)10/5/1998 3:52:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 164684
 
Mark,

Nov. 45 puts with $4 plus premium. (you will buy the stock at $45(with $4 premium, your effective purchase price will be $41. If Csco trades below $45 on Nov. expiry.)

Nov. 50 puts, with $7 plus premium; same as above, your effecive purchase price will be $43, if Csco closes below $50 on Nov. options expiry.

Otherwise, your will keep the premiums.



To: Mark Fowler who wrote (20157)10/5/1998 4:00:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 

Jan, i'm rethinking Csco will be above 50 by Nov. So wouldn't be better just to hold
them Shares., i mean how much money can you make on your premiums if it closes
above your Nov. 40 puts.?


Mark,

I wrote the Nov 45s on CSCO too and plan on letting them expire worthless.

Glenn