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

To: kaka who wrote (17412)	7/19/2002 12:57:41 PM
From: Jerome	Respond to of 19079

Kakamongus...you got it right... of interest is that one time I got assigned out the money. The stock was NVLS ...I had written calls at the 40 strike and it closed at 39.90...I got assigned at 40 and on Monday I bought it back at 39.00... Good luck...this narrow trading range is an option writers heaven... Jerome

To: kaka who wrote (17412)	7/19/2002 1:18:24 PM
From: MeDroogies	Respond to of 19079

I would prefer to take scalps at this point. I'm not confident that ORCL will trade much higher than 11 at this stage, but I didn't want to take any chances. Stochastics and OBV were not on my side. I wouldn't have cared so much if I was assigned, but I'd prefer not to if I can avoid it. I am sitting on some longer term puts that I sold. We'll see how they shake out. So far I'm about $1000 ahead on those. Waiting to see if ORCL chooses a direction at this stage, or just meditates at the 10 level.