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Technology Stocks : Rambus (RMBS) - Eagle or Penguin -- Ignore unavailable to you. Want to Upgrade?

To: Doug M. who wrote (6164)	8/11/1998 11:12:00 PM
From: Ibexx	Read Replies (1) \| Respond to of 93625

Doug, What were you doing--following me around on the floor of CBOE? <g> In fact, 56K wasn't all I had to dispose of, as I redeemed all my mutual funds last week. Trading options is a personal choice. The combination of strike price, maturity, volatility of underlying stock usually put my LEAPS options at a leverage level of 4--in other words, if the underlying stock fluctuates by 8-10%, I could hope to reap 32-40% returns in relatively short timeframe (if I bet on the right direction). My take, on RMBS, is that the stock may vary (up or down) by 10% before the end of year rally--an assumption again--and this way I could make a few more round trips. Being in 2001 LEAPS gives me a sense of security while the leverage is good enough for me. (True, the leaps are expensive). Ibexx PS: not all the Zixal traded were mine, but I did get the best price at $22 3/4 ten minutes before the bell. My broker at the NY firm does earn his commissions--always advising me at "what price" the MMs might bite.