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Technology Stocks : All About Sun Microsystems

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To: Alok Sinha who wrote (17518)	7/2/1999 11:51:00 AM
From: JavaGuy	Read Replies (1) of 64865

Alok, Wrote more OTM calls today. Rally is strong but I've made my "overly optimistic" annual goals on total portfolio % return and don't want to get greedy. Have OCT 55's (super hedge) and Aug 75's written. Still have more uncovered shares, if we hit 75 I'll write more. If we hit 80, I'll have to buy puts. This is one fantastic rally from ~56 to over 70 in about 12 trading days! Long term, I think Sun will do great, but the market this Summer and Fall could get a little spooky. If we hit "the big drop" later this year, I want to be in cash and ready to sell naked puts on my favs. What options do you have open currently? JavaGuy

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