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Non-Tech : Tyco International Limited (TYC)
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To: Chuzzlewit who wrote (1113)12/17/1999 9:32:00 PM
From: Tom K.  Read Replies (1) of 3770
 
Chuzzlewit, I'm a PUT seller also. I allowed myself to be put TYC last month at 45.... then of course the bottom dropped out. So my plan is to work the basis down through selling CALLs. If the stock stays where it is, I've a long stretch ahead..... if it recovers, I'll be out earlier with a profit.

I'm also short Jan PUTs at 30 and 37.5. Since I'm a little gun shy now on TYC, I'll most likely roll out (and probably down) before expiration if they don't move.

Tom
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