Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : THQ,Inc. (THQI) -- Ignore unavailable to you. Want to Upgrade?

To: Todd D. Wiener who wrote (6525)	7/1/1998 2:51:00 PM
From: Todd D. Wiener	Read Replies (5) \| Respond to of 14266

This week, I covered my short position in my July 30 puts (I bought to close), paying slightly more than $1 for each contract that I sold for $5. I'm still short a bunch of December puts, at $20, $22.5 and $25. Once the stock gets high enough (high 30s or maybe 40s), I'll probably close these positions as well. I like shorting in-the-money puts more than buying out-of-the-money calls, although I still have some July 30 calls. I'm not mentioning these trades to boast, but since I announced at the time I opened the transactions, I think it's only fair to mention when I close them. It's sort of a voluntary disclosure. Q3 has begun for THQI. This is going to be a big quarter. I'm expecting $0.66, which might be conservative. Todd