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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Guy Gordon who wrote (1634)	11/3/1999 3:45:00 PM
From: Kayaker	Read Replies (2) \| Respond to of 24042

Is anyone else thinking of buying puts at this price? I am. I have a 200% gain and want to protect it. My chart shows that this is just about as high as JDSU has gotten above its 50-day MA in the last year. I'm thinking about it, I'm just not doing it. Bought the Nov 170s last week for $8.00. Am glad I dumped them. If I were going to do it again, I would probably go out to March to avoid the rapid deterioration of the Novembers. Maybe December. I would buy 190s or higher if it was me. The price does seem way overdone here, particularly with the Fed meeting coming up in 2 weeks. I wouldn't hold past that though. Nothing wrong with both covered calls and puts. Just 2 different ways of placing your bet and covering your butt. But then what do I know, I'm a guy who thought it probably peaked yesterday (or was that Friday?), and while I was typing, it went up another 3 points. <g>