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Technology Stocks : Novell (NOVL) dirt cheap, good buy? -- Ignore unavailable to you. Want to Upgrade?

To: Paul Fiondella who wrote (22740)	6/17/1998 9:43:00 AM
From: Spartex	Respond to of 42771

Paul: Wicked, nope. But geez, the MM are already slicing off 1/4 point on the June 12.5 calls "bid". How dare them! I'm holding out, as they are playing some games here. Good luck. QuadK

To: Paul Fiondella who wrote (22740)	6/17/1998 9:56:00 AM
From: Don Earl	Read Replies (1) \| Respond to of 42771

Hi Paul, I was looking at the June calls yesterday and they looked like they were trading with a negative premium. Buy the calls between the spread, execute, and sell for a fraction profit? Looks good on paper but I've gotten some pretty strange executions and confirmations on my last few option trades. Yep, looks like selling naked calls this month wasn't a very good idea. Where's Alphonso these days? I seem to recall he was selling naked 12 1/2s a long way out last summer. Ouch. Regards, Don