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Technology Stocks : VLSI Technology - Waiting for good news from NASDAQ !!!
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To: Linda Kaplan who wrote (6374)5/3/1999 10:12:00 AM
From: schlep  Read Replies (1) of 6565
 
linda- your understanding about the $3.50 is 100% accurate according to schwab. Puts would have needed to be held until expiration, but call / leaps act as you describe.

Strategies: CALLs- if you are a gambler, the calls despite having just lost their time value (same price as just last week when stock was >$1 less), could pop should rumours arise of another offer. As otter said, holding the calls is just about riskless assuming expiration of July or more.

JMHO,
schlep
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