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Non-Tech : OAKLEY- NYSE:OO
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To: grasshopper who wrote (928)8/12/1997 1:08:00 AM
From: Ray Jahn   of 1383
 
Grasshopper,
Have you considered writing covered calls, the sept 12.50's are going for 1.00 , that would be 12,000 in about 5 weeks and if the price goes down your cost basis is then at 11 5/8 . You could write the aug 12.50's as well and get about 3,100 in the next three days. There is probably a good chance OO will close below 12.50 on Friday so you would not get called out but would keep the 3,100.

Just a thought
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