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Non-Tech : OAKLEY- NYSE:OO

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To: Dr. Jeff who wrote (962)	8/15/1997 2:53:00 PM
From: grasshopper	of 1383

In case anybody is interested, I sold covered calls on all 12000 shares of OO (120 contracts) today. I sold the September 12 1/2 calls at the price of 1/2, so I pocket $6000.00 today (less commissions). If OO stays below 12 1/2 for the next 5 weeks, I keep my shares. If I get called out, it'll be for a small profit (relative to my initial investment). If I don't get called out, I might sell more covered calls again after the third friday in September. I still think we'll see 14 again before year's end. grasshopper

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