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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Ravelson who wrote (2282)	2/5/2000 5:14:00 PM
From: steve mamus	Read Replies (1) \| Respond to of 8096

I think selling the July 100's QCOM are still quite risky IMHO. I have cleared out a significant number of my option positions on QCOM. The stock is very volatile as you know. I still have about 180 contracts (sold the puts) strike price 100-110 for July. I will lighten up on these with significant strength in QCOM common price. If I were intent on getting QCOM on the cheap I would consider a strike below 100; I would also do it at a time when QCOM showed more weakness (common less then 120). I think there are much safer plays. Steve