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Technology Stocks : Novell (NOVL) dirt cheap, good buy?
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To: Paul Fiondella who wrote (22740)6/17/1998 9:56:00 AM
From: Don Earl  Read Replies (1) of 42771
 
Hi Paul,

I was looking at the June calls yesterday and they looked like they were trading with a negative premium. Buy the calls between the spread, execute, and sell for a fraction profit? Looks good on paper but I've gotten some pretty strange executions and confirmations on my last few option trades.

Yep, looks like selling naked calls this month wasn't a very good idea. Where's Alphonso these days? I seem to recall he was selling naked 12 1/2s a long way out last summer. Ouch.

Regards,

Don
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