Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Korn who wrote (3556)	4/3/1999 6:36:00 PM
From: Roader	Read Replies (1) \| Respond to of 6439

I don't know how much sense this makes b/c if you sell the 35 calls and you get the stock for 32/14 and the stock is > then 35 you lose it. Seems like a lot of brain damage for 2.75. People do this when they have millions so the arb on the volume adds up. Doesn't make sense for a few hundred or even a thousand shares. Roader

To: Gary Korn who wrote (3556)	4/3/1999 7:04:00 PM
From: S. M. SAIFEE	Read Replies (1) \| Respond to of 6439

Gary What if the stock starts moving up toward 40 (with 5 % div. more likely to move to 40) then you are short the stock and if you stay short then you might end up paying dividend... Look at 2001, strike 35 call..it is cheap and may you should sell June 45 calls and collect premium every three months or so.

To: Gary Korn who wrote (3556)	4/4/1999 9:04:00 AM
From: Maven	Respond to of 6439

To: Gary Korn, Roader, S.M. Saifee Thanks for your reply to my inquiry, and for the animated responses of others. This thread is certainly a learning experience. RSSheldon