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Technology Stocks : LSI Corporation -- Ignore unavailable to you. Want to Upgrade?

To: C E D who wrote (14419)	8/20/1998 10:16:00 AM
From: David Mullins	Read Replies (1) \| Respond to of 25814

I got lucky (in some sense) with LSI. I bought the October 17.5 calls when the stock was at 19.5 with about 3/4 point premium recently, instead of buying the stock. These still have about a point of value with the stock at this price. As long as one doesn't buy an excessive amount of calls (buy close to the number of calls as shares you would buy) this can virtually work as a defensive strategy. After the stock settles down a bit, I might look at some of the 15 calls. Then again, maybe I'll sulk with my current holdings. Good luck all longs!