To: RR who wrote (27218 ) 12/27/2000 4:28:42 PM From: im a survivor Read Replies (1) | Respond to Yo Hammer man.....please don't yell at me <ggg>, but I grabbed a bucket of those jdsu march 110's for 1/4 the other day......yea, yea, I know how you hate the otm's, but help me out here for a sec.....to be frank, when I first purchased the march 110's, they werent quite as cheap as the one's I just picked up for 1/4...but thats neither here nor there......what I am trying to gage right now is when to sell these suckers. I have the time factor to worry about, but at the same time, the closing of sdli deal and hopefully positive earnings will give jdsu a little push. I have a small profit in them now, since jdsu had a decent day today, but I dont want to bail too prematurly if jdsu has got any kind of a run coming. Assuming it was you ( I know, you would never be caught dead gambling with those otm's...but humor me nonetheless<ggg>) with current situation, time frame, jdsu price and etc....what would you look for before bailing. I want out before the time premium gets to the point where I can't get out, but at the same time.....jdsu could have a little run coming. I originally said I would bail between 1/2 and 3/4, as that would give me a fair profit, but if jdsu runs, I could luck out and get a couple bucks for these suckers.....so i guess my question is twofold....when do I need to really worry about the time factor eroding any chance of these calls moving up if the stock moves up, and what price do you think those calls have a chance of hitting in the next month, before time becomes a major factor...or is time a major factor now? Thanks for your advice as always........Also, you still like extr I presume.......I grabbed some today at $39, and wrote the jan 50's for $4 even.....nice 10% premium and 38% if it gets called........my only problem with extr is, the type of stock it is it could be at $50 tomorrow on a strong naz rebound...the flip side is that triple digit PE everybody talks about......hope I'm not shotting myslef in the foot with this one.
