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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: put2rich who wrote (16855)	1/11/1999 12:18:00 AM
From: Al Chechatka	Respond to of 18691

>>>Al, >>> How can you make money when <<I bought them at 83 when the >>> stock was at 230. These expire in 2001 and it doesn't have to go down much to be in the money. There is plenty of time for it to make money. The options split in price too, they only have to get to 28 to be in the money. ZWE-MD's). The stock has to get down to 50, which it was at in November. I have 2 years for it to get to 50 and if it gets there sooner, I will also have premium cash as well. The options can move with no change in price of the stock. (I saw the option go up 10 bucks with no change in the stock price). Probably the risk variable went up so they had to make a new calculation on the price of the option. I don't know, but with any downward presure and more buyers of puts, the prices will rise even further even though they are way out of the money. >>>If you buy some puts now what is the strike price and how far? I plan on buying the Jan 2001 133's (the old 400's). Remember each of these contain 300 shares so its like buying 3 contracts for every one. Al C.