Radica Message Board - Msg: 2455829

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Non-Tech : Radica

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To: Jay Tice who wrote (13)	10/15/1997 6:39:00 PM
From: Wayne	of 51

Jay, You are correct in that most options are delt with close to the experation date. I'm not sure what your tax strategy is. Keep in mind that Radica is reporting in Dec. and in past reports the price has peaked very close to the report date. Usual run up is the few weeks before, then not uncommon for a jump on the report that is short lived and some profit taking/consolidating from the pre earnings run. If the earnings is so high that a PE of 10-12 becomes the case, then some catching up is in order, post report and the chance of the options going into 98 is greater AS WELL AS what it will cost you for writing them. Also in the first case, if I were the buyer I would be inclined to close out in Dec. on the peak of earnings, and recover some of the time value that will still be remaining. We just went about 5 weeks from the earnings of Q3 for this to go to the next level and the Dec. report is likely to be later in the month than the Q3 was. Good luck, Wayne

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