How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 485.92

+0.4%

Dec 19 9:30 AM EST

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To: OLDTRADER who wrote (38678)	2/28/2000 10:27:00 AM
From: rudedog	Read Replies (2) of 74651

Bill - My last purchase of the underlying was in may of 1998 at 92 pre-split - it promptly went into the 80s which gave me a little "buyer's remorse" for a few weeks... but obviously that was not a bad entry, in retrospect. I sold Apr 100 puts at 8, and 95s at about 6, and would be comfortable if it was put to me at those levels - MSFT at 89 or even 92 seems pretty safe. I also sold Jun 95 puts for 8 and bought Apr 95 calls for 5 1/2. I may buy some more calls either Apr or Jun 95s. I think this is a real opportunity and I'm not trying to get the absolute best price, just looking to get the best leverage. Might even sell more puts to generate the cash for the call buy.

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