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Biotech / Medical : SNRS- Sunrise Technologies
SNRS 0.0000010000.0%Jun 6 11:01 AM EST

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To: Bruce L who wrote (3596)1/11/2000 4:31:00 PM
From: Trebor  Read Replies (1) of 4140
 
FWIW, SNRS is paying an incredible premium for those who fool around, as I do, with covered calls. As of today's close, you could sell the January $10 for $3.50 or the January $12.50 for $2.375. Assuming you sold the Jan. $10 and were called out, that would be a 27% return. Assuming you sold the Jan. $12.50 and were called out, it would be a 40% return. Not too shabby for an 11-day investment (Jan. options expire Jan. 21). This is one of the richest premiums I've ever seen for a covered call play. Of course the risk is that the stock will collapse between now and then.
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