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Technology Stocks : Westell WSTL -- Ignore unavailable to you. Want to Upgrade?

To: Timothy K Robbins who wrote (7963)	11/23/1997 7:02:00 PM
From: Trey McAtee	Respond to of 21342

tim-- excellent idea. good luck to all, trey

To: Timothy K Robbins who wrote (7963)	11/23/1997 10:12:00 PM
From: x70sxn	Respond to of 21342

Tim : Thanks a lot. I think I was all over that strategy last month. But, last month was different. We had the swings like I never saw before... [I am still a toddler in the market.] Any way, this option period we have only 15 days to play. Ignoring the holiday weeks/period ahead. So I was thinking... For any thing we need lot of two things-Vitamins L(luck) and M(money). Hope u have both. BOL and be careful. Shrini [Penny saved is penny earned-I keep reminding myself]

To: Timothy K Robbins who wrote (7963)	11/23/1997 10:44:00 PM
From: Rutgers	Respond to of 21342

Options Strategy <<Friday, I bought: 5 Dec 20c @ 5/8 5 Dec 15p @ 3/4 >> Given the volatility, this looks like a very interesting, and potentially profitable transaction on both sides. What's your time frame - this week? Obviously, the closer to expiration, the less likelihood of making a substantial % return with a price of move of only +/- $1.00 from current $17 range

To: Timothy K Robbins who wrote (7963)	11/24/1997 1:03:00 PM
From: ratan lal	Read Replies (2) \| Respond to of 21342

Tim << 5 Dec 20c @ 5/8 5 Dec 15p @ 3/4 I'm not sure which way this one is headed, but if WSTL trades down about 1 or up about 1 1/2, this option position can be canceled with a nice profit for a few days trouble. >> I dont get it. WSTL is at 16 7/8. If WSTL goes up 1 your dec 20c may go up by 1/8 or 1/4 depending on volatility and time value left. you still lose 5/8 to 1/2 (3/4-1/8 or 1/4). Conversely if WSTL goes down 1 1/2 you have the same problem. Pleas explain ratan