Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.690

+1.9%

Jan 12 3:59 PM EST

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To: KYA27 who wrote (13709)	3/1/2000 12:06:00 PM
From: Alfred W. Post	Read Replies (3) of 21876

I did not short LU but I did the next stupid thing: I have sold puts on it three times and made nice money ... until the last time when the strike was $70 and that just before the plunge. so I got expensive LU's and am now happy that this new deal erases my red ink. Fortunaltyl I bought JULY calls with a strike of again $70 just when I had to take the expensive LU und with it I am already back in the black and am hoping to clear some more. So a lot of comotion and not much results. But I still believe in writing putS on good firms. Most of the time you can collect the price you got and if you get stuck, you need patient and most of the time you are being baild out. Fred Post

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