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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?


To: TREND1 who wrote (11328)5/22/2000 11:25:00 AM
From: JH  Read Replies (1) | Respond to of 60323
 
The 4-month-old breakout gap on SNDK was almost filled today - I shorted a bunch of October 55 puts to collect a premium of $13-3/4. Effectively, I've accepted the obligation to buy SNDK at a price of slightly below $41.25 in October (seven months from now).

The breakout gap was formed on 1/26/00 when the stock closed at $48-3/8, and opened at $56-1/8 on 1/27/00.