Ampex Corp: Digital Storage Message Board

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Technology Stocks : Ampex Corp: Digital Storage

AMPX 8.540

-2.0%

Dec 24 12:59 PM EST

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To: lawrence hunter cirillo who wrote (2199)	3/9/1997 2:58:00 AM
From: Merlin	of 3256

Is anybody else trading options on AXC? It seems to me that selling covered calls or naked puts would be a pretty good way to pass the time. I've been watching this thread for awhile, and finally decided to sell some naked puts (Oct 7 1/2). At the current $1.75 - $2.00 premium and margin requirement of 35% this option offers a good return if the stock doesn't move much. If AXC has as much upside potential as some seem to think, then it would not hurt too much to give up some of the initial rise by writing options with a low strike price. Any comments?

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