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Technology Stocks : Orbital science (ORB) -- Ignore unavailable to you. Want to Upgrade?

To: Lee Penick who wrote (1504)4/22/1998 1:25:00 AM
From: Dave Riches  Respond to of 2394
 
Lee:
I held off on buying enough shares until I saw the secondary. When it became apparent that the price was not going to bend even a little bit I bought a covering stock position at 47 keeping about 2.50. I just noticed that they made a market in the DEC 50 calls at 8.125. So now the question is does one buy more stock and take the premium as a side play. As best I can see the premium should cover the down side to 40ish.
I know! I know! Why don't I just buy the calls myself(not ready for that much leverage yet) or just buy more stock and hold it(haven't talked myself into unconditionally putting more eggs into one basket). Be glad to hear anyone else thoughts on this.
Dave (looking for a 100) Riches



To: Lee Penick who wrote (1504)4/22/1998 7:46:00 PM
From: jgibbs  Read Replies (2) | Respond to of 2394
 
Lee,

Am interested in doing some bull call and put spreads on ORBI but think Schwab (current broker) may be too slow and cumbersome as well as too costly. Have you any suggestions as to good brokers and costs when doing these spreads

JimG


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