MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

-0.1%

Aug 15 5:00 PM EST

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To: Seth Leyton who wrote (8670)	5/11/1998 9:36:00 PM
From: SJS	Read Replies (2) of 42804

Seth, I'm with you. Covered writes are working great. Sold the May 30's calls at the top of the most recent move up for 1 7/16.I think they will probably expire worthless this Friday. Getting set to do it again... for June. I added stock to this position on the pullback, so I can build a set of trading positions in this stock and generate monthly income via covered writes. June may be the month MRVC gets closest to 30, but I don't think it will go over and stay over (excluding non-normal stimulus). If it does, ST gets called, but LT benefits, too. Regards,

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