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Technology Stocks : Kulicke and Soffa
KLIC 57.30-0.4%12:19 PM EST

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To: HoodBuilder who wrote (2443)1/10/1998 7:18:00 PM
From: Ian@SI  Read Replies (2) of 5482
 
MS,

re: If the market tanks and we revisit October we could see new lows, in that case I will buy more stock ($15.00 or less) and buy puts at the same strike.

Why not just write the 15 Puts now? Unless you think that KLIC might see its alltime low while its revenues are increasing, worst case,you get the premium and not the stock. Best case you get to own the stock for less than $15/share.
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