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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (31140)12/12/1997 9:05:00 PM
From: Roman  Read Replies (1) of 58727
 
Hi Tom,

Seems that you know a lot about options. Maybe you can help me out a little. I have picked up some Newbridge Netowkrs shrares on TSE at 60 bucks. Shortly, stokc plunged to 50 level. Did not knwo what to do, so I sold a few Jan calls for a buck. Today, in the morning I though that ther is no way NNC will go below 50, so I wrote a few naked puts for Jan. Now, I am really worried that I have done a terrible mistake. Would you be able to comment on my actions?

Tnanks,
Ross

(nyse:nn, tse:nnc).
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