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


To: Poet who wrote (108)5/10/2000 10:35:00 AM
From: Jill  Read Replies (1) | Respond to of 10876
 
I decided to go to all cash in my KEOGH for the moment, did so this a.m. It's nice to sell w/o thinking of tax. I also got out of some leap and call positions in my brokerage account that were still profitable. I also bought back all my June open puts on JDSU and resold '02, reducing the # of open positions and the margin held aainst them, but basically taking in the same premium as it cost to buy them back.

BRCM is hovering around 150--I think that'll probably be okay.

Today would be a good day to probably sell more puts. I am thinking about that. JDSU for those not already too exposed like myself, or BRCM--the June 140s are 13, and 260 have traded today. Of course it's still a scary market, but that is tempting.