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

To: Sector Investor who wrote (7863)	3/25/1998 10:24:00 PM
From: SJS	Respond to of 42804

Seth and I were talking about this earlier, I pulled the trigger yesterday. If you have "faith" the 22.5 puts might be a good play as a seller. It does require faith she'll be north of that, though. Got that kind of faith? <g> Don't tell me "only in the morning"!! We all know she fades in the afternoon.

To: Sector Investor who wrote (7863)	3/26/1998 8:41:00 AM
From: Jake Heib	Respond to of 42804

Two comments: You can buy covered puts in an IRA, its considered insurance against a market drop. Second: You don't need to let your stock get called away if it goes above the strike price. You can roll the options out. Call your broker, get the bid asked for the months involved, and ask to buy back the current short position and sell a later month for a net credit. On MRVC you should be able to do 1 1/2 to 2 for a three month extension very close to the expiration date. I have also rolled out buying back the 22.5 and selling the 25's, thereby raising the strike price with a very small net credit for a 6 month roll out. Regards Bill