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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: _scar_face_ who wrote (48487)	4/21/2002 7:52:00 PM
From: Just_Observing	Read Replies (1) \| Respond to of 64865

Re: Are you currently a sunw shareholder; if not, what price would you be inclined to buy at I don't like to disclose my positions even if I knew exactly where I stood. At any time my exposure is a mixture of longs (long stock, long calls, shorts puts) or shorts (short stock, short calls, or long puts). Add the complication of different strike prices and different expirations, I could be long Sun in June and short in July depending on price. How's that for obfuscation? I don't think that my opinion is superior to anyone else's. With that caveat, here is the strategy that I woild use: Sun's beta wrt the Nasdaq composite is about 2. So if the Nasdaq composite goes down 1%, Sun on average can be expected to go down 2%. That provides trading opportunities if you are so inclined. I would add under $8.70 if I had to choose a number. And sell some short-term covered calls at a strike of $10 if Sun got to $9.90+ for half my holdings. At the current price, I would sell 5 naked calls for every 10 naked puts at a strike of 10.