Options Message Board - Msg: 13997140

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Strategies & Market Trends : Options

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To: Tom K. who wrote (7958)	7/5/2000 3:25:16 PM
From: Bridge Player	Read Replies (2) of 8096

<< Re: JPR calls Looks like a good play, BP. Keep us posted. I'm interested.>> The Juniper Networks July 290 calls are now July 145 calls after the recent 2/1 split. The stock has had a huge rally in last several weeks, doubling from the recent low. However, although it poked up above the strike, it failed to make a new high and has corrected down again the last few days, trading now as I write at approximately 140. IMO the valuation levels and option premiums are so huge on this stock that I would not mind if necessary being short at 145 plus my original option premium, and if assigned, will keep on selling covered puts until the short is closed. BP

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