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  #6  
Old November 2, 2000, 09:21 AM
Jack Rackham
 
Posts: n/a
Default A good rule of thumb for options

If you can get half the maximum payout, take it. Set your profit target for this trade at $2.50 and if you see it, take it. J. Rackham

> They're not both in the money at the moment
> -- if the share price passes $45 then I'll
> be at maximum profit of $5 per share (minus
> a certain amount due to the bid/ask spread
> on reversing out of the position).

> At the moment trading out would result in no
> profit.

> I expect PPD to go up in price today,
> however, due to the sole analyst following
> the stock upgrading his earnings expectation
> for this quarter.

> - Thomas.