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Technology Stocks : Pomeroy Computer Resources

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To: mark bailey who wrote (146)	2/28/1998 10:40:00 PM
From: Jim Babcock	Read Replies (2) of 181

Options contracts on Pomeroy look interesting right now. Does anyone else follow them? I have just put in an offer to sell 10 March 22 1/2 put contracts for 1 1/8(bid 1, ask 1 1/4). This is a 5% return based on current price. I am covered down to 21 3/8. It looks like a good risk/reward scenario. I also put in a bid to sell 10 april 22 1/2 put contracts at 1 3/4. If PMRY stays stable or loses up to a buck, it's free cash. Anyone else playing the options game?

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