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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: Keith A Walker who wrote (4001)	6/30/2000 9:45:43 PM
From: Pamina	Respond to of 6531

I am new to this thread but couldn't help add my .02 cents here about brcm and calls. This morning when i saw the July 220's were getting 15 i sold one contract - later the stock took a huge dip and I could have bought the contract back at about 5 3/4 or so - but i said to myself - just wait for 5 - hahahaha - too bad - because at the end of the day the price was up to about 13 or so. What a ride. I never thought you could day trade covered calls. YOu learn something new every day.

To: Keith A Walker who wrote (4001)	7/1/2000 12:14:26 AM
From: Dr. David Gleitman	Read Replies (1) \| Respond to of 6531

Hi Keith: I got "killed" last month selling cc's on RMBS. On the date of options expiration they announced the deal with toshiba and drove the stock up 26 point, way beyond my strike price on 6K shares. Lost me a fortune in profit. Another option is to roll the calls to the aug 220's. Sometimes these things have a way of settling back down a bit by options expiration, however, on the other hand with so many index funds propping their money on the table (92 million shares- whew!) at 213 levels, it makes me wonder that they are going to do what they can to support their valuation. I saw the pullback in the afternoon at 195, but I had to attend to a patient. When I finished, the stock was back to 213. SOB!!! Cursing at my "fortunes". My only feeling is that as in the example of rmbs, there was a pullback of sorts, maybe this will be the case. It seems that the max open interest is still with the July 200's. Opinions anyone? David (considering joining options anonymous)