RE: [Metastockusers] Re: OPTION STRATEGY

[<uhehs@xxxxxxxx>]

<span
>Part of my
original thought was to not own the stock itself and just trade the options.

<span
> 

<span
>So are you
suggesting to just Buy 40 April 7.5 puts @ .20?

<span
>I was
thinking buying in the money puts to be less risky.

<span
> 

<span
>What was
not acceptable with my original strategy of buying the puts and writing the
calls?

<span
> 

<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: Henry Z Kaczmarczyk
[mailto:henry1224@xxxxxxxxx]
Sent: Saturday, March 29, 2003
6:42 PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: [Metastockusers] Re:
OPTION STRATEGY

<span
> 

<font size=2 color=black
face="Courier New">Using a covered write strategy with a target of 10.50<font
size=2 color=black face="Courier New">

Short 800 SOHU Common@xxxxx, Short 8 Apr7.5 Puts@xxx

or

Short 40 Apr7.5 Puts@xxx

--- In Metastockusers@xxxxxxxxxxxxxxx, <uhehs@xxxx> wrote:
> I am considering an option strategy and would like some
> opinions/comments/suggestions.
> 
> First, the stock:    SOHU.   I have a short
trigger set at 
$11.60.  At which
> point I would normally short 2,000 shares.
> 
> 
> I'm thinking about buying 20 May 12.5 Put contracts, for what 
would be
> $5,100 cash outlay [I'm using the Ask of $2.55]
> I'm also thinking about writing 20 May 12.5 Call contracts, for 
what would
> be $3,300 of income. [Assuming $1.65 asking price]
> For a total outlay of only $1,800.  To control 4,000 shares of 
stock!
> 
> At the same time, the June contracts would be a total cash outlay 
of $1,700.
> 
> Does anyone do this type of thing already?
> Any choice over which month to go with?
> 
> Thanks for any opinions/comments/suggestions;  Hope it gets 
everyone
> thinking.





<font size=2 color=black
face="Courier New">To unsubscribe from this group, send an email to:<font
size=2 color=black face="Courier New">
Metastockusers-unsubscribe@xxxxxxxxxxx



<span
>Your use of
Yahoo! Groups is subject to the Yahoo!
Terms of Service.<span
> 










Yahoo! Groups Sponsor


  ADVERTISEMENT









To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx





Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.