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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: bonnuss_in_austin who wrote (9986)	3/10/2001 4:22:24 PM
From: mishedlo	Respond to of 10876

The options prices on RIMM are about as high as I have seen on about anything. Shorting is indeed the way to go on this (except for selling naked calls). For peace of mind I think bear spreads on this turkey are perhaps the way to go with options. Maybe Poet or toscano has some thoughts on the 800PE high flying turkey. The thing to do with shorting I think is to just relax. I will make another attempt to short this, smaller # shares and just wait for gravity to take hold. I will wait until April as I expect a sharp bear rally about now. I hope to hell I am in CIEN puts when they warn but I doubt it. For option plays, I really really like the cheaper prices of the NYSE turkeys. M