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In a message dated 98-10-27 21:00:03 EST, you write:
<< f the stock goes down you lose on the put and the stock and at expiration
you own twice as much stock. Is it really a good deal? Ira
>>
good morning
this is especially good if stock goes down
if you did it when it was at 35 and sold 40 call and bought 45call sold 30
put and bought the 25 put you now will buy at a loss the short put and
long call.but will make money on
the short call and long put ,
the treak is to limit loss to 1 1/2
best regards
Ben
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