JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: taxman who wrote (5588)	1/29/2000 9:22:00 AM
From: t2	Read Replies (1) of 24042

if anything jdsu options are cheap. the premium you get for writing the option is not worth it. you don't get enough downside protection if the stock drops and if it goes up, it could go way over the strike price. i own yahoo common. with the stock at about 140 i wrote a 270 option. how could i lose? well a short time later the stock was at 500. for a six dollar premium i gave up 230 points. I guess experienced similiar fates in selling calls on Yahoo. Mine were actually close to the money and i wanted out of the stock, so instead of selling, i decided to sell at the money calls. That was my worst trade ever, even though i made money. You are right. I think this selloff is almost over. I am planning to buy March or Sept calls shortly. The calls (covered) that i was planning would have been only for FEB expiration due to the news vacuum. I actaully feel we could get our s and p announcement soon because the committee would realize that now is the best time to get this very high market cap stock out of the way instead of risking adding it when the market cap is over 100 billion.

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