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To: freeus who wrote (7296)12/7/2000 3:05:26 PM
From: mishedlo  Read Replies (1) | Respond to of 13572
 
Puts on these are very expensive as they are volatile
unlike CSCO and IBM
IBM is a great PUT play on any bounce at all - hoping it gets to 100 again

The reason I bought CIEN puts was twofold
1) you can not short in an IRA
2) I was worried about an earnings bounce

The reason I hold BU$$ call rather than common is that in the event of a bad ruling against RMBS - I want my losses limited

I have no Idea how much more up there is in JNPR.
I am pretty sure that anything above 160 is a no brainer.
May buy strike 90 leap puts at that price

M