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: Linda Kaplan who wrote (5806)	3/18/1999 9:30:00 PM
From: otter	Read Replies (3) of 6565

I second BWAC's opinion... Kick the March options tomorrow with a limit sale and then - buy Aprils (or even Julys). If it were me, I would be doing the math tonight. If it were me, I would also be thinking about the timing tomorrow. I don't have a CLUE what is going to happen - gap up and continue rising or gap up and slide or..... this might be a factor if you think you might be able to sell the March options on a high and then pick up others on a down..... But then, what if you are wrong... Anyway, good luck tomorrow!!!!! Side comment. About a day after I bought the April 20s, I began to believe real hard that this thing has every chance of drawing out. July 20s were twice as expensive as April - but cheap enough that the risk reward ratio was still good for me. Seems to me that while there isn't a lot of time premium, the month to month price deltas; coupled with the ugliness of the spread makes me want to not consider repetitively rolling options if this drags out. All I would be doing would be giving the MM some of my hard earned gains. My very very humble opinion only. I'm not an expert.

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