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Technology Stocks : WDC/Sandisk Corporation
WDC 221.51-0.3%Jan 16 9:30 AM EST

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To: Road Walker who wrote (24090)12/5/2003 11:33:56 PM
From: Howard R. Hansen  Read Replies (1) of 60323
 
re: sold April 75 puts Wow Art, I hope you didn't bet the farm. I got a shiver up my back just reading that.

Ausdauer has just about convinced me that between the competition SanDisk faces from Samsung and the cost to build a new flash fab SanDisk has limited upside potential over the next year. Hence to me it looks like selling $75 SanDisk covered calls has a better risk to reward ratio than selling either naked or cash covered $75 SanDisk puts.
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