Options Message Board - Msg: 12401592

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Strategies & Market Trends : Options

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To: taxman who wrote (279)	12/28/1999 7:12:00 PM
From: steve mamus	Read Replies (1) of 8096

Major risks here, no doubt about it. I love JDSU. However, with the action in the last couple of days (CMRC, JDSU, CMGI, VRSN, QCOM) I believe any of these stocks could drop 35-50 in a heart beat for a variety of reasons, most of them irrational. The way I look at it if you like JDSU at 330, then you will love it at 200 or less etc etc. I have sold puts in mass quantities in things I really like at strike prices way out of the money, and have a bundle of cash waiting. I would love to have the stock put to me with a 35-50% discount. Long term the stocks are great. We will be looking at major fireworks in my opinion late 1st quarter this year and I am expecting a short term sharp correction. Party on QCOM.

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