RE: [Metastockusers] OPTION STRATEGY

["Petros Lazos" <peter_laso@xxxxxx>]

When 
buying options, always buy as far as possible in month, to avoid high time 
decays and have the "time border" to see if the strategy proves 
correct.
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<FONT face=Arial color=#0000ff 
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  <FONT face=Tahoma 
  size=2>-----Original Message-----From: uhehs@xxxxxxxx 
  [mailto:uhehs@xxxxxxxx]Sent: Sunday, March 30, 2003 12:21 
  AMTo: Metastockusers@xxxxxxxxxxxx comSubject: 
  [Metastockusers] OPTION STRATEGY
  
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  >I am 
  considering an option strategy and would like some 
  opinions/comments/suggestions.
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  > 
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  >First, 
  the stock:    SOHU.<SPAN 
  >   I have a short trigger set at 
  $11.60.  At which point I would 
  normally short 2,000 shares.
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  > 
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  > 
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  >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]
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  >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]
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  >For a 
  total outlay of only $1,800.  To 
  control 4,000 shares of stock!
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  > 
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  >At the 
  same time, the June contracts would be a total cash outlay of 
  $1,700.
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  > 
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  >Does 
  anyone do this type of thing already?
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  >Any 
  choice over which month to go with?
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  > 
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  >Thanks 
  for any opinions/comments/suggestions;  
  Hope it gets everyone thinking.
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