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Technology Stocks : Identix (IDNX)

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To: Buck who wrote (5582)12/7/1997 12:28:00 AM
From: Night Writer   of 26039
 
Buck,
Selling March 12.5 puts at 2 3/16 looks like a better play then selling covered calls st this point. At the worst you close with added shares at a net of about 10 1/4 depending on commissions. At the best IDX is above 12.5 and you pocket the profit. Unless you think stock is going to crater. Remember you sell at the bid and buy at the ask. 10 heavy buy or sell by someone. Looks like they might be buying insurance, or someone thinks IDX is due for a jump. But, I don't follow this option.
NW

IDENTIX INC. 2 3/ 8 - 1/ 4
(.IDXOV )

Dec 6, 1997 @ 23:08 (Data 20 Minutes Delayed)

Last Sale 2 3/ 8 Tick Down
Time of Last Sale 12/05 Exchange of Last Sale American
Net Change - 1/ 4 Previous Close 2 5/ 8
Percent Change - 9.52Open 2 9/16
High 2 9/16 Low 2 3/ 8
Bid 2 3/16 Ask 2 9/16
Size of Last Sale 10 Volume 30
Open Interest 531
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