VLSI Technology - Waiting for good news from NASDAQ !!! Message Board

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

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To: DanZ who wrote (5182)	2/12/1999 3:15:00 PM
From: OldAIMGuy	Read Replies (1) of 6565

Hi Dan, Using the $10 current level of fairly solid support, I SOLD some April $10 PUT contracts today. Someone was kind enough to pay me $1-1/8 for the right to put the shares to me at $10 sometime in mid April should the price be at or below that level. Now all we need is a nice bit of news come out on the next quarter's results, and I get to keep the premium. I already own enough shares, but if the price is still below $10 then, I'll be content to subtract the $1-1/8 from it and take the shares in. I only sold as many contracts as I would have bough in shares at the same price (following my AIM methods). Best regards, Tom

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