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Technology Stocks : PRI Automation (PRIA)

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To: Alan Gallaspy who wrote (414)5/15/1998 12:21:00 AM
From: guido leone  Read Replies (2) of 1214
 
I bought some Sept 25 calls and only risk about $5.50. I have a lot less at risk than buying the stock for $27. Buying the Sept calls also gives me a lot of time and I expect a recovery by this fall.
If I was some like yourself who is holding this stock I would sell the June 30 call and collect the premium. they are trading for about $1.5 and that helps to pay for holding this stock. And if the stock moves up through the strike then you can buy the calls back and lose a little on the options but you would be compensated in the stock.
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