NW:
>>I'm currently tempted to jump on some October puts or calls<<
If you're talking about writing, I would consider the October 35's naked puts and covered calls. If the price goes to 35 or higher by October, you maximize your return. If, on the other hand, the price stays around 30 or lower (how much lower can it go?) you can roll them into the April 2000 (or later) 30 or 35 puts and calls. All in all, with the premium that you'll be burning, you should be able to eke out a decent return. Keep in mind, however, with this thing (which tries to pass itself as a stock), nothing is certain. Good trading! |
