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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?


To: Sector Investor who wrote (22350)7/25/2000 6:30:40 PM
From: Bridge Player  Read Replies (1) | Respond to of 42804
 
On May 24 2000 I bot my final lot of 5 October 200 calls for 13/16, rounding out a larger quantity that I had started buying at prices over 2. Those options became 10 October 100 calls, which traded recently (when the stock was at 80) at a bid of over 10, for better than a 20-bagger. Now down to 7 or so on today's correction.

Unfortunately, I scaled out of the whole lot on the way up, never dreaming of 80 post-split with a full 3 months to go until expiration. Such is the way of options trading.

Still, it was a heckuva run, and made up for a lot of foolishness on other trades.

BP