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To: wlheatmoon who wrote (4199)10/14/1998 1:19:00 PM
From: waverider  Read Replies (1) | Respond to of 14427
 
Wow! I just checked the options on UN. They have really become expensive from what they used to be. If I were to buy here, I'd probably go for Nov 70 puts, now going for 5 1/2. With the stock going for around $70, a $5 premium is getting up there. FWIW I usually buy on the money or slighting in the money puts. Some folks have different preferences. I don't have a clue why.

Could anyone care to discuss how one decides with option has the best leverage?

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