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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 104.62-1.8%2:17 PM EST

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To: James Fulop who wrote (37204)2/15/2000 9:30:00 PM
From: Jdaasoc  Read Replies (1) of 93625
 
James
RE Keepit's "i bought the puts."
The market makers like you said were forced to increase the price of PUT according to the Black Scholes formula so I sold short a lot of Jan 01 100 PUT's to help pay for some of the RMBS calls I will exerise on Friday. Who is their right mind is not going to suck up RMBS stock if it gets anywhere near 100 later this year. We already know the earnings rampup story.

john

PS Me and a friend used to play keep away in high school with Peter Bodek's hat. It seems we get a little older but still play the same silly sort of games. Then it was a hat now it's with RMBS shares.
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