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Technology Stocks : Adaptec (ADPT)
ADPT 18.50-3.8%Jan 28 3:59 PM EST

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To: OrionX who wrote (2433)5/29/1998 4:07:00 PM
From: Bald Man from Mars  Read Replies (1) of 5944
 


<< May be I should sell some July 15 puts.

Shouldn't that have been buy july 15 puts or did you really mean
sell?>>

I think you profit either way.
If you sell July 15 (I think it is fetching $1 per contract),
and if you get put, you are actually paying $15 - $1 premium,
or $14 a share ... and hope and pray it will rebound.
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