Brocade Communications Systems,Inc. (Nasdaq-BRCD) Message Board

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Technology Stocks : Brocade Communications Systems,Inc. (Nasdaq-BRCD)

BRCD 12.73

0.0%

Nov 20 4:00 PM EST

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To: Ibexx who wrote (770)	2/25/2001 6:31:12 PM
From: gingersreisse	Read Replies (2) of 1583

The options on BRCD suggest there's more downside risk right now, based on the relative premiums. If you believe, as I do, the selling is overdone, you might consider writing a March 45 put at 4, and buying an April 55 put at 5ish, and be prepared to close out decent gains at a profit. I've been in and out of the stock, keeping a core holding, and a piece against which I've written calls or leveraged to write puts for years. When the sentiment moves with BRCD, there are no half steps, either way... GSR

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