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

To: t2 who wrote (7203)	3/7/2000 3:36:00 PM
From: RocketMan	Read Replies (2) \| Respond to of 24042

Another way to play it is to sell all your deep in the money calls and buy out of the money calls but use only a fraction of the capital. You could buy the same number of contracts but with much less cash. This is like profit taking but with the potential of some big gains on your new out of the money calls. That is a strategy I have followed with some success. It is a way of having your cake and eating it too. You take money off the table, yet you still have the future appreciation if the stock keeps going up. The only problem with this strategy in JDSU is that the near-the-money calls are so darned expensive.