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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: jmac who wrote (27960)	8/28/1999 10:40:00 AM
From: pompsander	Read Replies (2) \| Respond to of 93625

Another route, although one I know won't be favored by everyone. I sold a few covered calls for the Sept/99 115s. At the time I got a premium of 3.75 per contract, so really the stock has to hit about 119 by end of third week in September for me to be financially hurt. (the shares are in an IRA, so no tax issues). if they are called out, I am fairly confident I will get at least one more chance to buy the shares back below 118, and would try to carefully do so. Of course, if the stock never touches 115 at least I got a little cash for my trouble.