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

To: Kip S who wrote (27848)	3/11/2000 9:30:00 PM
From: FruJu	Respond to of 213173

Kip, have you considered selling covered calls against your long stock? With the very high volatility, even reasonably out-of-the-money options still command a high premium. Fru>

To: Kip S who wrote (27848)	3/12/2000 2:17:00 PM
From: Dr. Id	Respond to of 213173

Kip, I have sold covered calls (Mar 125's) against half of my position. I am comfortable selling half at this point if it gets called away, as I think there may be limited upside at this point, and I think that there may be other opportunities that may provide a higher return. I agree that there is some speculative bubble going on, but the PE of AAPL is actually reasonable and I don't see it crashing and burning as much as some other stocks. However, I think lightening up in this market may be a decent strategy. JB