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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (16068)8/20/2001 8:08:14 PM
From: Joe Waynick  Respond to of 19080
 
Yes, ORCL is pricey. And if LE's strategy is as you suggest, then it's a good one. But who knows?

It wouldn't suprise me to see ORCL float down to $12-$13, even do it a few times. Even if it doesn't, one month $12.50 puts are worth 1/4 point. If one really believes that $12.50 is the bottom, then that would be an easy way to pick up a couple bill each month until the stock advances.

BTW, I meant 15% per year over a 10 year period. Thanks for your input.

Joe


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