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Thursday, August 25, 2005

add

rnt @ 23.19
cce @ 22.14
wfr@ 16.52

sell the cce sep 22.5 for .6
buy 2 20 puts for .05
credit...50

call spread for nov also attractive..buy the 22.50 for 1.10
sell the 25 for .3

stock above 25 .80 goes to 2.50...not that high for year however is 23.92...

rnt no options

dont see any great way to put on wfr using options.options lok pricey and spreads are high..stock just had a huge secondary with private equity firms cashing out so that should take the pressure off but I d be jumpy with this one.

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