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Technology Stocks : Silicon Graphics, Inc. (SGI)
SGI 89.07-0.2%1:32 PM EST

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To: sea_biscuit who wrote (6320)7/30/1999 1:24:00 PM
From: D. Miller  Read Replies (1) of 14451
 
Dipy if all you are looking for is to break even at 20 7/8 then sell the Feb 20 calls for 2 7/8, which will actually give you a profit of $2 per share if you are assigned, if by Feb SGI is below 20, then your basis will be 18 (lowered by the $2 7/8 premium you received) and we can then listen to you talk about how you want to break even at $18 :)
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