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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Yakov Lurye who wrote (3370)	6/22/1998 6:04:00 AM
From: Craig Freeman	Read Replies (2) \| Respond to of 60323

Yakov, I bought July 15s. The price was irresistible and the spread near-zilch. I'm not usually a short-term trader but this may the right time and place (something in my gut says that SNDK is going to bounce up and down for a while.) I looked at the Jan calls but at the time it would have worked out about the same as holding the stock and buying puts. So, I decided to cut my downside risk in half and leverage the upside. For now, I'm betting on short-term volatility. Good luck on your blend. If you win, everybody wins :^) Craig