How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 510.37

+1.4%

Nov 14 9:30 AM EST

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To: taxman who wrote (24155)	6/14/1999 11:03:00 PM
From: t2	Read Replies (2) of 74651

"out of the money July calls" they are expensive--considering microsoft's lack of volatility recently. i am short the july 100 covered. I did not work out the volatility on the July out of the money calls but the quotes I have seen for the July 80s, 85s etc don't appear to be expensive. For example, the 80s are just 3 and 85s are 1 1/2. Factor in the recent selloff in the high tech stocks, you could make a strong case for a bounce back when earnings comes around. I still don't feel comfortable with short term out of the money calls--maybe another 2 weeks at current prices might be the opportunity i am looking for. If the stock goes down to about 76 (in the next couple of days), then it might be a good time to go long on the 80s and 85s---otherwise i feel better off with the 70s (especially since the stock has not moved much).

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