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To: Broken_Clock who wrote (1573)8/5/1998 9:59:00 PM
From: SJS  Read Replies (2) | Respond to of 14427
 
True. But how low can VRC go at 13 5/8? How low can GLM go at 12. Or MAVK at 7?

We're in uncharted territory. I wouldn't buy the stock long here, I would just sell the calls naked and hedge the slight chance we go back up or even a remotest chance we have a runaway upside (like a war...)

I'd do that by buying cheap out of the money calls...