Brocade Communications Systems,Inc. (Nasdaq-BRCD) Message Board

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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)

BRCD 12.73

0.0%

Nov 20 4:00 PM EST

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To: gingersreisse who wrote (561)	7/25/2000 8:53:44 PM
From: gingersreisse	Read Replies (1) of 1583

Interesting last forty minutes of trading on Tuesday, good volume, decent trade size, several 10,000 share minutes. BRCD options margins were nicely squeezed into the close of July. This stock has been exceptionally rewarding for covered calls, almost a textbook. Runs up on good volume, spreads widen, calls get written, thrashes nicely, calls are closed out with gains, shares stay with the writer. I had anticipated a 35 point move in June-July cycle, we may be setting up for another as the spreads widen again, which should happen over the next few days. I'd watch the 200/210 calls and the 160/170 puts to get a signal. GSR

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