Jimmy's Option Pit and Undervalued Stocks Message Board

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Strategies & Market Trends : Jimmy's Option Pit and Undervalued Stocks

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To: jimmy who wrote (9)	6/17/1999 6:21:00 PM
From: Gerry Schechter	of 47

Had some very good luck with writing covered calls and shorting puts on TTWO, The company just completed an $8 offering of 5,000,000 shares and is still trading a bit sloppy. Out of 257 software stocks it is ranked #4(which of course can be a double-edged sword)-six month range is $7 -13 and my theory is though the stock is trading sloppy, the $8 offering(in which the over-allotment provision was exercised) would give it a decent amount of support in the $7s. Meanwhile have been earning 10% monthly on the 7 1/2 puts and calls

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