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Strategies & Market Trends : Options

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To: PAL who wrote (7327)5/4/2000 12:09:00 PM
From: Seldom_Blue   of 8096
 
I went to read a fight thread and an option comment came up.

Just sold to close my CTXS June 45s for 7 7/8.
Bought to close my CTXS June 70s for 1 15/16. (I bought back some at 50. Ouch.)

Sold CTXS June 40 puts for 3 1/2.

CTXS is a company that I like for its ASP potential. My breakeven points in this (on the upside) is CTXS at 54.5 by June expiry. Likely, but I do not like to take this kind of chance in this market. Downside below $30.5.

Seldom Blue
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