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Pastimes : Play It On Paper- Clappy's Newbie Option Thread -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (109)	7/31/2000 6:19:04 PM
From: David Cecil	Read Replies (1) \| Respond to of 176

Sold the remaining SUNW PUTs, SUXUS for 3 5/8 for a profit of 5/8. I did not want to lose the profit. One of the main reasons for selling it was an Options newsletter that I am subscribing. They think that SUNW is going higher even though there is considerable put interest. The newsletter site is Optionadvisor.com. Even though I tend to agree with them I did not buy any SUNW calls. From my list which I posted on Friday, bought EXDS JAN 2003 Call 65 VTQAM for 18 1/2. There might be some more downside in EXDS. But I am prepared to average down. Just to play it safe, I bought leaps. A candidate for buying puts may be PMCS. Even though some semiconductor stocks took a hit in the last week, PMCS has been sitting very pretty. Today it had a huge up day. But remember this is a very volatile stock and can surge higher in a moment. Even though it has fallen down from around 230 recently, I think it is still going lower. The tough part is the premium for PMCS is really huge. Clappy, do you think Nasdaq may touch the lows of May? ...David