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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?


To: jef saunders who wrote (5552)10/22/1997 6:22:00 PM
From: ED PLOPA  Read Replies (1) | Respond to of 42804
 
I sold Nov 35 puts and bought an equal amount Nov 35 calls for zero cash. Seth, give me your comments or any other constructive criticism for this type of maneuver.

My logic tells me is that at the worst I'll probably own some more stock at 35. And perhaps, even better yet, I got a POTENTIAL 5+ point up move in my calls that I've got zero cost in.

Even though I'm very long on this stock, I believe it's time to speculate more agressively on a story I believe in.

Ed Plopa



To: jef saunders who wrote (5552)10/22/1997 9:32:00 PM
From: reg  Read Replies (1) | Respond to of 42804
 
What did you pay? I paid $3 for 5 contracts a few days ago.