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

To: Seth Leyton who wrote (8696)	5/14/1998 12:06:00 PM
From: SJS	Read Replies (1) \| Respond to of 42804

Damn, you read my mind again!! I am working the same type of strategy, however, I looked at the BB's (SDM of 2, period of 20 days) for this guy and technically, the lower BB is moving up nicely, forming a base at about 26. Guess what? The stock is moving down and once it touches the lower BB, it is setting itself up for a move back to the midpoint (27) or the upper BB, (28 1/4). The BB's are narrowing so this strategy makes good sense. IMHO, I wouldn't buy the puts back for 1/8, paying all that and commissions when tomorrow you'll be in the clear. I personally would take that bet that it will stay over 25. Writing the puts now for June is a great idea, and then we ride it up and sell the calls. Works for me. Anyway...good luck on your timing!!