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Politics : Idea Of The Day
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To: MonsieurGonzo who wrote (14087)11/12/1997 6:45:00 PM
From: Judy  Read Replies (1) of 50167
 
Steve,

TXN, entry at 90-92 should be ok, good congestion 85-90 so that should provide good support. TXN has good volatility but is under a cloud of dram pricing and Asian currency crisis. You might consider shorting puts instead of buying calls. If put to, turn around and sell calls against the shares. Prems are rich.

I live in the Bay Area, 25 miles east of San Franciso.
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