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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Wes Stevens who wrote (13273)	4/26/1999 2:18:00 PM
From: LTK007	Read Replies (1) \| Respond to of 56535

Wes I just bought 10contracts for COMS July35s at 1.50,the idea being that is let's say COMS between now and July was taken out for 65, I would make roughly 28k,the down side is of course,I lose 1.5k--I set it as far away as I can from now to increase my odds --my big mistake with FORE,which I won't make again--I should have bought Junes on them when I bought the Mays--the reason I didn't buy the JULYs last week on FORE was the premium had gone up considerably--and I didn't think the take-out price would be that high--this FORE 35 buy out sets the bar high for a 3COM buy out price so I went with the 35s.Max