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Technology Stocks : America On-Line: will it survive ...?
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To: James F. Hopkins who wrote (3567)6/24/1997 5:50:00 PM
From: yard_man   of 13594
 
With one month you almost have to get a close below 50 to make the money. I might buy 50's but July's all or nothing. I don't have that much conviction. maybe I look at the July or Oct 65 or 70 calls and short. I could get the calls cheap if the dip continues and get set up to short. Just have to write off the calls if it doesn't get back up there, though.

Forget OCT - those prices are wacko!
Might try to get a few July calls and step into the short on a run-up.
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