Novell, NOVL, I really need some advice Message Board

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Technology Stocks : Novell, NOVL, I really need some advice

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To: Malsi who wrote (27)	7/2/1997 3:12:00 PM
From: Joe Antol	of 46

Malsi. PMFJI. Ayman is giving you the straight answers on options trading. It's not (never) "a lock". I too have explored an options strategy (many times) with Novell. The premiums are too expensive (for me anyway). You can make big $$$ on options (both ways), but there are (as Ayman is trying to tell you) mitigating factors, one such as "expiry" which you must consider (i.e. you are obligated to "cover"). You need to stay very close <g> to your stock because things have a way of "happening" very quickly in this environment. FWIW. Joe...

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