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Technology Stocks : Stock Swap

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To: Robert F. Newton who wrote (11502)2/10/1998 10:23:00 AM
From: Patrick Slevin  Read Replies (1) of 17305
 
AOL

Because in his opinion the options are cheap, or at least they were yesterday. Today I have not looked.

McMillan suggests that whether you think it's going to the moon or a roaring short a straddle purchase is the way to go.

He suggests the April 110 straddle which was $18 as of yesterday's close.
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And, just in case I have to actually state the obvious, yes I shorted the market right after the open.
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