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Technology Stocks : Newbridge Networks
NN 15.63-3.6%3:59 PM EST

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To: SFgymrat who wrote (4165)4/21/1998 9:52:00 PM
From: Xerxes Wania  Read Replies (2) of 18016
 
I really doubt you'll get 7/8. It's pretty risky what you are doing.
I would have bought the 25 strikes and sold the 30 strikes instead.
this way your net out of pocket expense is much less.
That would be a better play.

At the moment I have bought the Jan 99 20 Calls and sold the Jan 99 40 Calls for a net debit of $6 (this was 3-4 weeks ago).
I wouldn't advice buying out of the money so far off.
Just my 2 cents.
Xerxes
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