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


To: Mike Winn who wrote (6315)12/10/1997 12:09:00 AM
From: SpecialK  Read Replies (2) | Respond to of 42804
 
Thoughts are appreciated on this idea.

Sell puts on Mrvc Jan 30 for 6 bucks. Effectively is a purchase of the stock at 24 if the price is below 30 at that time, otherwise you keep the 6 bucks if it goes above 30. Requirement would be 2400 in cash account or 1200 in a margin account. Earn between 0-25% in 6 weeks as long as the price stays above 24. This seems a pretty good bet to me.

Thanks for your responses.

Ketan