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Technology Stocks : All About Sun Microsystems

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To: QwikSand who wrote (30329)	4/9/2000 6:39:00 AM
From: Gregory	Read Replies (1) of 64865

I am new to this thread. But I do own sunw. I have written 4 covered calls couple days ago at $6.25 It is worth about $8 now. That implies if SUNW keep rising I will loose my 400 shares $95 + 6.25=$101.25. While I still feel it is a good price to get, I have forgot about the thing that SUNW earnings report is coming soon. Is it coming before option expiration (April 21) or after that? I still can buy it back with a little loss that I can tolerate. If anybody is familiar with SUNW behaviour during pre-earnings time and earnings time I would appreciate it very much. I understand that there is no warranty involved in any advice, but still it may help me to do the right thing. I usually buy covered calls a little cheaper about a $.75 less and this way I make about $200.00 net. But I have forgot about earnings. Please, tell me what is expected from the pre-earnings till earnings time? If SUNW is expected to run up from now till earnings I better close the position with little loss now and write covered calls at when SUNW reaches much higher price. Any feedback is greatly appreciated.

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