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Technology Stocks : All About Sun Microsystems

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To: Rich B. who wrote (6619)1/9/1998 4:27:00 PM
From: Alok Sinha  Read Replies (1) of 64865
 
I already have a very large long position in the stock, due to which I do not like to pay a large premium for options (I seldom buy calls, but the current volatility in SUNW price makes it worthwhile). Feb calls are not very expensive, and you can get out of them if the stock pops up with the market and/or announcements relating to TCI, Darwin and earnings. Next Fri may be a good time to sell options if the high visibility pushes up the stock a few points, because there will inevitably be profit taking and broader market down movements as SUNW consolidates in a trading range.

Regards

Alok
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