3Com Corporation (COMS) Message Board

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Technology Stocks : 3Com Corporation (COMS)

COMS 0.00130

-18.8%

Nov 7 11:47 AM EST

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To: Harold S. Kirby who wrote (31671)	6/19/1999 11:36:00 AM
From: S. M. SAIFEE	Read Replies (1) of 45548

If premium is 3/8 or more the option is automatically exercised. Monday morning you have stock. You could watch whole day and sell at some point. My guess is stock will run to 30 early trading. Best time to cash out. By the way I was short June 27 1/2 calls, had shorted for 3/8 premium on thursday so you may get my stock. However I was also short June 30 put so will get stock @ 30.. I also shorted July 27 1/2 puts at 2. I will sell my stock on Monday and will by LEAPS strike 30 for 2001 thus getting out of stock and have long position till end of next year. Premium for the leaps is paid for by premium collected on last months short calls and puts.

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