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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (16400)	7/23/1997 7:54:00 AM
From: Hans	of 58727

Jerry, looking good so far... (I was waiting to buy at 10 again, but dont see it coming for a while) I placed my orders last night (am I irrationally exuberant?): Buy KLIC @ market Buy Aug 45 Calls at market Then I plan to: Sell Aug 40s for 4 (or 5 or 6) for downside protection. Only concerns are 1) Big gap up, then slide. 2) earnings already factored in, resulting in slide. tell me not to be nervious... hans

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