Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.550

+2.4%

Dec 1 3:59 PM EST

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To: Ibexx who wrote (3480)	8/2/1998 9:51:00 PM
From: Maxer	Read Replies (1) of 21876

Ibexx-- You mentioned you sold some of your options as the price went down. This is a very practical move, but I could use some guidence. 1- did you completely cover your holdings? 2- how far out are your options placed and at what price level? 3- I take it you buy the puts on rallies. 3- what do you do to replace the options you have sold if the market continues to dive? Do you then sell the stock? Do you ride it down? I'm totally out of the market right now. This is best for my tolerance of what is happening now and for the protection of earnings. But when I come back in I want to have a protection strategy clearly defined.

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