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Technology Stocks : Ciena (CIEN)
CIEN 230.45+9.4%Dec 19 4:00 PM EST

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To: Tom Hua who wrote (369)6/12/1997 9:30:00 PM
From: Smitty   of 12623
 
Tom,

I'm fairly new to the option game but I recently purchased July 45 calls for a premium 7 3/4 now worth 6. In your opinion would you sell the calls? Cover my losses with some puts? I haven't learned Black-Scholes yet but what do you look for to see if your calls might be losing steam?

Thanks,
Smitty
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