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Technology Stocks : JDS Uniphase (JDSU)

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To: jk_l who wrote (13610)10/27/2000 12:25:43 PM
From: SJS  Read Replies (1) of 24042
 
I'd advise the same set of tools I recommended in my previous post.

In short, naked puts essentially charaterize a long position.

Stock Operator and my points are that you make money on sucking out the volatility (the reason all your calls are red even though the stock is up...), regardless of which option side you choose.

I will monitor the calls, but most likely will not buy this series back.

As you know though, that decision might change in a heartbeat. My thinking is now....I'll let time erode them, and may cover near expiration just to clean the balance sheet, so I can sell my next series of calls.
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