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Technology Stocks : Oak Technology (OAKT)
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To: AreWeThereYet who wrote (3665)11/26/1997 5:54:00 PM
From: J.S.  Read Replies (1) of 4335
 
Ac,

If 7 or 8 is close to bottom, what about writing puts at 7.5? If the tock is eventually put to you at that price, hopefully after you have collected several nice premiums, you can start writing covered calls at 7.5, or, hopefully, at 10.* What is the catch? I don't see one except that to the extent that the market or the financial system as a whole could have a big meltdown putting OAKT below book or even below cash. In that case, even money markets will not be safe.

Good Luck,
Joe

* now premiums at 7.5 for several months out are close to $1.
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