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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: __HD who wrote (117424)	11/28/2000 1:03:17 PM
From: Jenna	Respond to of 120523

BRCD..well I find when they are so far in the money I would roll it over to the next strike price. Usually I do this because I opt to take the profits from the last strike price might leave over 5 puts and than buy another 10 in the next strike price. It was unusual for BRCD to go from the 190 to the 165 in such a short interval.. That is the key, you won't be holding the put very long. I used to hold the same call option on oil service sector for 5 or 6 weeks and got a quintuple bagger. Nowadays for a quintuple bagger all you need is a good 'down' week or less. It does get complicated however because the implied volatily become so inflated that the usual decision to just sell is not necessary and it might be best to hold. I wouldn't hold the 170's all the way to 120 unless that happens in the next 4-5 sessions (which it probably will) because the decline might level off after that period and you would do well to take profit.