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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!

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To: ron delany who wrote (4596)10/8/1998 11:08:00 PM
From: Linda Kaplan  Read Replies (2) of 6565
 
Ron, Nice idea but I don't think it will work, unless I'm missing something. My cost basis is 17 1/2, not 7-1/2. And I can't get enough money selling calls to buy back the puts. The puts are at $8 or a bit more, while selling Jan calls at 15 would generate 1/8; selling calls at 7.5 would only generate less than $1. So I'd have to sell eight times as many Jan 7.5's to pay for buying back the puts. I don't have that much of the stock. <g> I'm stuck, right?

Linda
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