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


To: Nazbuster who wrote (23608)5/19/1998 9:41:00 PM
From: RANDY DAVIS  Read Replies (5) | Respond to of 36349
 
Question: Pair commons and Options?

I am holding some shares long and bought 1.5K at 17.25 today to trade short term. Looked at options, and June 17.5 calls are at $1 (if it doesn't slide tomorrow). I was thinking about selling these calls and letting the stock go at 17.5. Question is: Will my shares be called as soon as stock holds steady over 17.5 and is this a bad idea.

Looking for opions and suggestions. Thanks in advance.



To: Nazbuster who wrote (23608)5/19/1998 10:27:00 PM
From: Doug Bean  Respond to of 36349
 
Daniel:
Interesting thought. i still have about 100K margin so theres plenty of room to roam. i have never done "naked puts' and am a little hesitant to do anything io am not familiar with. i do ahve a full service broker that i bought most of PAIR through so i will talk about the theory with him.
Thanks for a different slant on it .
CRdoug