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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: margin_man who wrote (20038)	2/3/1998 11:48:00 PM
From: Jay Mowery	Read Replies (1) \| Respond to of 36349

Patriot, No they're Feb's. That's part of what throws me off at times. I'm up a total of 500.00 right now. 1.00 on 5 contracts. If they expire I gain 1200.00 total on Feb 20th the whole 2 5/8 will drop my basis 1/4 point. If I sell now they only reduce me by 1/8 point/share. That's why sometimes I have trouble figuring them. I still got them so I can make potentially another 700.00 on them to total 1200.00. If they drop to like 1/4 or 1/8 in the next few days. I may just but them back to close that position. Does this make sense? Thanks, Jay