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08/07/06 2:11 AM

#33090 RE: SyndicateTwo #33088

Hey S2,

AAPL can go down pretty fast. Isn't there a reasonable chance that you hold APPL because it falls below 60?

Also, wouldn't it be cheaper to just sell puts? Just wondering about the rationale.

$1 per month on $65 is about 18%. Actually, I guess your investment is lower by $6 bringing your return to 20%. Do you get credit for the sold calls right away?

fm