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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: John F. Dowd who wrote (4517)	12/26/1997 7:24:00 PM
From: Sonki	Read Replies (1) \| Respond to of 74651

john lets say if I' m long 10 leaps at 57 strike. and what i did is sell 5 leaps at 130 strike. so even if i got called aways i would still own 5 leaps which i can conver to stock in 99. some one will help me finance my 57 *500 cost by giving me 130 for half of my cost. it was a no loose no market risk in msft so i did that. it so happens that i made profit on down side. Now i can get rid of my partner of 130 if i want. i sold him at 23 and he is worth 14 now. i only wished i had done it at 140. now i need to quickly decide to buy back or not. belive me i will ALWAYS own msft. long MSFT and SUNW.