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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (4214)	6/28/1998 6:08:00 PM
From: Rob Skaff	Respond to of 8358

you're screwed anywhere between 10 and 17.5 if I'm reading your strategy right.

To: ChinuSFO who wrote (4214)	8/17/1998 10:21:00 PM
From: ChinuSFO	Respond to of 8358

Gentlemen, About a month and a half ago I posted this option strategy. Well, it worked. Looking for opinions. Is it time to buy back the 10s at about $1 (sold at $3 as I recall) and look for a rebound? <<To: samg (4213 ) From: Chinmoy Roy Sunday, Jun 28 1998 4:54PM ET Reply # of 4769 OPTION STRATEGY: Buy 2x January 15 Calls. Sell x January 10 Calls. If CS does something, we'll go above $20. If they don't we'll fall below $10. The only way to get hurt on this one is if we finish at $15 on the third Friday in January . . . unlikely IMHO. CR>>