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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: shag007 who wrote (21306)	6/5/1999 1:47:00 PM
From: Daflye	Read Replies (1) \| Respond to of 42787

I don't why they did it. Maybe they wanted to leverage a long position 2 to 1 (roughly) without using margin. If I thought AMGN was going to make a run for it's old highs, 80+, along with the market, Summer rally etc.., AMQGF could return about 50%+ with a 25-30% move in the stock. Maybe one of those high beta mutual funds is makin' a move. Or, if someone wanted to short AMGN and couldn't get their hands on the shares, sell the calls. Judy, I noticed when your bullish, on a fast mover you sell deep in the money puts as a synthetic long, take in premium. Great play. Usually better to be a seller of options than a buyer. D