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Technology Stocks : PairGain Technologies

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To: jason D. who wrote (19864)	1/31/1998 12:55:00 PM
From: Jay Mowery	Read Replies (1) of 36349

jason D. <<<<<< keep in mind I may be wrong.>>>>>>> I gotta say it will be one of the most impressively written wrong I've ever seen!!!! Thanks, I'll keep a close eye(as if I don't already). But if we do make this move.I'm lookin at sellin' some options to reduce basis. I've got 5 put contracts open. I've sold that I'll be able to either close the position or expire. They're Feb. 20's at 2 5/8. If we get this move jason what do you see the potential being for opening up March or April 25's or 30's? (Calls/covered) I can sell 30's all day long and about 15 contracts at 25 on covered calls. If it'll be WORTH doing. (ie: .75+ on 30's a little more on 25's. ie: 1.00+ ?) or am I dreamin'/dillusional? The other way to go would be to sell puts, but those make me a lot more nervous as I REALLY don't need more PAIR. Any ideas would be welcome. Thanks for the T/A. Best Regards, Jay

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