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Technology Stocks : Winstar Comm. (WCII)
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To: SteveG who wrote (9340)11/17/1998 2:59:00 PM
From: Brian Coakley  Read Replies (2) of 12468
 
Steve, My screen shows that it was the April 30 calls that were sold not the 35's, making it a syndicated short position with no additional risk between 29 3/8 and 35. If it closes at 32 in April then the puts are worthless and you'd be out 2 5/8's on the short calls, same as if you'd shorted the stock at 29 3/8.

Tell me if you see anything different.

Regards, Brian
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