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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST
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To: Jan A. Van Hummel who wrote (8080)11/26/1997 1:02:00 PM
From: Allen Furlan  Read Replies (1) of 14577
 
I feel as you do. My way to play a stagnant but well valued stock is to do a ratio write of out of the money calls. Today bought stock at 6 3/8 and sold July 10 calls at 3/4 at 2/1 ratio. This puts me into stock at 4 7/8 if stock does not recover in 1998. The strategy is to buy back half of calls should they reach 1 1/2. Danger is a strong up spike a la takeover or complete collapse, neither of which I expect.
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