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To: AlienTech who wrote (493)3/4/1999 7:46:00 AM
From: Steve Becker  Read Replies (1) | Respond to of 3891
 
Alien Tech,
That's what I thought when I had options back in the fall. When I thought your way I thought I was doing OK. Once I found out the correct way I realized I was losing big (I had sold puts and had to buy them back much higher).
Check this link and try the math to see how it comes out for you:
Message 6250197

Steve