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Technology Stocks : Seagate Technology

STX 261.38

+1.2%

Nov 17 4:00 PM EST

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To: Bald Eagle who wrote (4755)	3/12/1998 12:04:00 PM
From: Ray Rueb	Read Replies (4) of 7841

RE: calls and puts <<Thats why I sold 10 SEG 22 1/2 puts 2 days ago at 3.>> >> For which month? Sorry, Jun >>I sold Mar 22 1/2 covered calls. >>What price do you think SEG will be next Friday? My personal feeling is that you're going to lose your stock. If you want me to pick a number for next Friday, my guess is 24 1/2. BTW: I always sell out-of-the-money covered calls just to avoid what's happening to you. I think your calls were too tight. I'm also long 6 Jun 20 Calls I got for 3 1/2 and I'm long 400 shares I got at 27 in October (OK, I was wrong). I'm bullish on SEG, I'm betting we'll see 30 before July 1.

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