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Technology Stocks : All About Sun Microsystems

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To: Haim R. Branisteanu who wrote (17495)7/1/1999 4:03:00 PM
From: Alok Sinha  Read Replies (2) of 64865
 
You are right abount the July premiums - they are dropping like a rock. I had half my position of the July 60 puts (long) left which I have been trying to sell but the MM keeps dropping the bid. The stock has stayed around 68 all day and the quote has dropped from 7/16 to an 1/8. Below a quarter it dosen't make sense to sell - I think I will hold the options for the extremely unlikely crash scenario. Your SUQGN should be in black by more than 50% by now (maybe not after commisions).

BTW, Do you know which broker has lowest commisions for option trades.

What's your view on the current rally. It certainly has more leg than I anticipated, esp. with bond yields heading back up.

Regards

Alok
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