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Technology Stocks : All About Sun Microsystems

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To: Marvin Mansky who wrote (17053)	6/11/1999 7:56:00 AM
From: Haim R. Branisteanu	Read Replies (1) of 64865

Marvin I am not buying options I sell them. I sell calls or puts (sell to open ) and take advantage of the implied volatility and later cash in (buy to close). This strategy is quite profitable if implied volatility is over 40%. I the stock goes nowere you still make money as the option goes down in price around 1/8 per day or around $125 on 10 contracts for each day that passes including weekends. So I sold calls on SUNW the SUQFL and SUQFM and bought them later at lower prices. Today I may sell puts on SUNW and make money on that. This I know <GG> Haim

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