Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (49222)	8/17/2000 7:41:36 PM
From: Rich1	Read Replies (1) of 63513

So listen to this idea. As you know D-day for my favorite stock is next week. The IDF conference is the 22nd through the 24th. If INTC declares Rambus in or out the stock should move big either way. I am thinking of straddling the options equal amount calls and puts on the September 80's. The puts and calls are each selling around 8/9 dollars each. If the bus collapses the puts should help cover my losses in both my common and calls. I think anyway If INTC agrees they are married to the Bus BSB on both my calls and commons. The question is do you think I make enough to cover the calls and puts or am I better off just buying puts. TIA.

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