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To: Nancy who wrote (15700)12/17/1997 5:41:00 PM
From: Judy  Respond to of 50167
 
Nancy, looking at strike 75 (presplit) but like the flexibility for a straddle or to turn it into a synthetic short. Much depends on the market in the next couple of months. Your strike will protect you when CSCO pulls back to test its 200-day mav.

Thanks for the root. I checked yesterday with Scwhab. Ever since I sold calls against ORCL after the split and never knew I was 1/3 naked ... I double check.