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Technology Stocks : Creative Labs (CREAF)

CREAF 0.411

-6.5%

Dec 8 12:12 PM EST

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To: Howard who wrote (9237)	1/30/1998 11:18:00 AM
From: Power ranger	Read Replies (3) of 13925

I wrote some july 25 cover calls yesterday. At the start of yesterday market when creaf was at 17 5/8, the July 25 calls was at 1 15/16 / 2 3/16. Never tried cover calls before so decides to give its a go. I sold 50 contracts collecting a premium of $2. Try to get more but was not given. Just checked the option again today, with creaf trading at 19, July 25 drops to 1 13/16 / 2 1/16. Any comments? A bullish sign??? PR

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