Cheyenne Software - Will it be bought by Computer Assoc.? Message Board

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Technology Stocks : Cheyenne Software - Will it be bought by Computer Assoc.?

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To: John C. Hom who wrote (30)	4/11/1996 7:52:00 PM
From: olduser	of 130

I also took the hit with CYE a couple weeks back. For anyone still holding this stock, all is not lost. CYE happens to be a great stock for generating option premiums. For instance, I just bought some more at 15 1/2. The current premium for May 15 calls is 1 and 11/16. If the stock gets called away at 15, it still leaves a tidy 1 3/16 profit in just a month. That's a 10% gain in a month. If you dont want the stock to get called away, you can sell the May 17.5's for a smaller premium but still a good one. CYE historically offers very nice option premiums. If you can string a few of these options sales together over 3 - 6 months, you can really lower your cost basis in the stock substantially. Thats why the recent drop didnt hurt me as bad as it could have otherwise. Good Luck

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