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Non-Tech : OAKLEY- NYSE:OO
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To: Ray Jahn who wrote (996)8/23/1997 12:11:00 AM
From: grasshopper   of 1383
 
Ray,
I had planned to buy my calls back if the premium dropped low enough. I sold 120 contracts at a premium of 1/2.

I share the same view as your last post outlined on what would happen if the stock price was below strike price on experation day after having been above the strike price for some time but not resulting in being called out.

Thanks for your thoughts.
grasshopper
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