America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: James F. Hopkins who wrote (2721)	4/6/1997 12:09:00 AM
From: WryBoy	of 13594

Hi Jim. I bought the PJ's (April 50 puts) on Friday when AOL was up near 49. I wanted more intrinsic value and a higher delta with April expiration only two weeks away. I think I'm going to get a double out this trade easily, and possibly a lot more. AOL is up 5 5/8 points for the week. There is no place else to go but down. If I am wrong and AOL goes to 55 or 60, fine. I will enter again on the short side and/or buy more puts. The sand is running out on this stock and I will be there to enjoy the ride down. Does that mean I am full of "negativity?" Not! I'm gonna be smilin' next couple of weeks.... Phil

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