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Strategies & Market Trends : Tech Stock Options

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From: Cliveous R. Ogg III	5/9/2000 10:23:00 PM
	of 58727

Hey there I was wondering if any of you have any input about the following. I put on a bull call spread back before MSFT started acting up. I did the following: Bought the Jan 02 90's at 23 1/8 Sold the Jan 02 130's at 11 3/8 This results in a net debit of 11 3/4 Now that the stock is down I have an opportunity to buy back the Jan 02 130's at +\- 4.00 for a profit of 7 3/8. I was then going to wait to leg into selling another Jan 02 Strike for a higher price than they are now to further reduce the debit on this spread. I have 5 contracts written(5 spreads) Any input would be appreciated-This is my first time to do this. Thanks Reggie

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