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Strategies & Market Trends : Tech Stock Options
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To: Jerry Olson who wrote (31091)12/12/1997 9:06:00 PM
From: Nancy  Read Replies (1) of 58727
 
Dogman,

<<I sold calls against ALL my shares, and will buy them back a lot cheaper<g>...and bought puts to hedge my share position and just did fine..>>

Glad you took some protective action. Dont know how deep in money you sold your calls. You might not need to buy them back at all.

We ain't see the end of it yet. Used to be there are at least one or two subsector in tech that are strong - now almost everything got hammered.

take care.
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