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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!! -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Macnamara who wrote (6317)	4/26/1999 6:12:00 PM
From: Linda Kaplan	Read Replies (1) \| Respond to of 6565

We need an expert in options spreads to figure it out. We don't know whether he's selling or buying on each. I'd guess maybe (just guessing -- one scenario) buying puts at 17-1/5 to cover himself if the stock tanks, but also buying calls at 20 to make money if it rises. So he makes money if the stock goes under 15-ish and makes money if the stock goes over 22-ish, but if it stays in the middle wouldn't make anything, would lose the cost of his options. Linda