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Strategies & Market Trends : Tech Stock Options

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To: Jerry Olson who wrote (16425)	7/23/1997 10:27:00 AM
From: Kevin	of 58727

OJ. I'm happy about the current run (obviously), but i decided to take profits. Greed has bene my biggest enemy. Here's some trades: Closed ALL of my CPQ Aug 130 calls @ $10...made over $5400 Closed my INTC Aug 80 calls @ 10 3/4...made $4125 Closed GTW Aug 40 calls @ 5 1/4...made $1750 Closed my SPX calls at an avg sell of 30 1/16...made over $2900 You might not like this, but I'm shopping for BAY puts now. I don't understand how you can describe the stock as being 'cheap'. I'll post if/when I enter a posiiton. Take care.

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