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Technology Stocks : All About Sun Microsystems
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To: Haim R. Branisteanu who wrote (18035)7/22/1999 1:14:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
I had my 70 July covered calls exercized on 1/4 of my holdings (not bad based on the action this week), I did buy 10 Aug 70 puts on Friday for 2 bucks as a hedge aganist a big slide in tech stocks that I have been expecting for sometime (as you well know). I have an order in to close that out today before earnings. I think SUNW will get a short term bounce like EMC from earnings. I also rolled some of my Aug 75 covered calls to Aug 80s for 3 bucks on Friday (not a good move in retrospect). So I have covered calls on all my holdings now (Aug 75s and Aug 80s).

I also some puts on INTC, LU and HD last Friday (and the LU Aug 75 puts are really doing well). When do you suggest I close the position out. I do have the stock but don't sell at 75. Alternatively, I could sell the Aug 65 Puts and create a straddle. Already did that with the INTC 65 puts.

Regards

Alok
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