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Technology Stocks : IBM -- Ignore unavailable to you. Want to Upgrade?


To: Brasco One who wrote (5747)10/21/1999 2:31:00 PM
From: L. Adam Latham  Read Replies (1) | Respond to of 8218
 
DB:

Re: just added a little IBM at 91.

I don't have an equity position in IBM, but I did write Nov $85 puts today, and got a $2 1/8 premium. I expect them to expire worthless, and I'll pocket the cash. If they're excercised, I'll have my first long IBM position at a basis of ~$82 7/8.

Adam