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To: HoyaBob who wrote (103583)2/21/1999 11:24:00 PM
From: taxman  Respond to of 176387
 
HoyaBob, "Worst case, one gets called and simply misses the added profit"

and that can be pretty significant.

if you are long the stock and expect a temporary decline, why not buy a put? then you are protected if the stock moves either way.

regards,



To: HoyaBob who wrote (103583)2/22/1999 11:56:00 AM
From: SecularBull  Read Replies (1) | Respond to of 176387
 
HoyaBob, I bought back my short position on my August bull spread this morning. I sold the Aug $120s when I opened it for a little more than $10. I bought them back this a.m. for a little more than $4. Now I just own the Aug 90s, outright!

I also moved further out on half of the short-side on a second Aug bull spread. I moved from the $110s to the $130s. I had trouble closing it out, because it was on 100 contracts (fifty on the 1/2 I moved) However, for about three dollars, I bought $20 more of upside. If DELL dips, I'll buy back the enire $130 position.

The great thing about this is the upcoming split!

Regards,

LoD