Oracle Corporation (ORCL) Message Board

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Technology Stocks : Oracle Corporation (ORCL)

ORCL 164.58

-2.6%

Jan 30 3:59 PM EST

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To: Jim O'Brien who wrote (12439)	11/16/1999 3:16:00 PM
From: MichaelA	Read Replies (1) of 19080

Regarding taking some money of the table with ORCL. You could also sell a long term call (LEAP). The Jan 2001 calls are selling for $15 and change. This would give you 15 points of downside protection, while allowing you to sell the stock for an effective $80/share if it is over $65 in 1/01. If you want a belt and suspenders you could use some of the cash generated to by an OTM put (maybe shorter term -- this would help protect some of the remainder of your portfolio.

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