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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 106.93+2.1%Dec 10 3:59 PM EST

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To: Rich1 who wrote (87625)1/7/2004 3:17:48 PM
From: Jdaasoc  Read Replies (1) of 93625
 
7 trading days left in Jan options. Cost of long PUT and Call @ $35 combined would be $4.20.

RMBS 9 times out 10 trades beyond the cost of playing boths sides. In Dec, stock dropped about 6 pts during expiry making the PUTs very profitable even with adding in the cost of long calls.

What is your guess for direction of stock price next week as this months options expire. It is getting harder and harder to imagine no retracement if earnings announcement next week comes out with lower revenues and lower profits before any settlement announcement transpires.
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