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

To: MeDroogies who wrote (17410)	7/19/2002 11:02:44 AM
From: Jerome	Respond to of 19079

Different Options idea....when ORCL hits 10.20 in the next few trading days write the Aug. 10's for about a buck. I checked with my broker and automatic exercise tales place when it is $.75 in the money. So this means that ORCL could close at 10.50 and a call out is only a possibility. This is more than a fair shake for option writers. JMO...Jerome

To: MeDroogies who wrote (17410)	7/19/2002 12:09:15 PM
From: kaka	Read Replies (3) \| Respond to of 19079

MeDroogies, Nice quick .35 profit. Unless you are very confident that orcl will trade much higher than 10 in the short term ( I think not), you should probably let new contracts ride a bit longer. Watch how quickly the aug 10's lose their time value with ORCL at these levels. I'm taking no action on my July 10's; don't care if I'm assigned....I can almost bet I'll be able to repurchase at a lower break even next week and repeat the cycle, or just sell orcl puts for next month. Also while .75 in the money will guarantee an assigmenet, I've been assigned with contracts only 5 cents in the money, and have not been assigned with other contracts .60 in the money. The grey area is just that. Cheers, kaka