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Technology Stocks : Electro Scientific??? -- Ignore unavailable to you. Want to Upgrade?

To: vinh pham who wrote (475)	10/21/1998 2:59:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 723

No I didn't sell my options. I have EQOCC and EQOCD which are 15 and 20 strikes in March. I paid 2 1/2 for both. Now bidding 6 1/2 and 3 5/8. Options table for delayed quotes on ESIO cboe.pcquote.com When the price was low, I didn't feel I had the money to buy shares, so I bought options instead. I got them for a March expiration thinking I should see some recovery off book value in that time frame. Seemed like a pretty safe bet. Now, question is whether I want to trade them for a possible pull back. Trouble with the March 15's is they will go up on parity with the stock from now. So, should it trade to 25, my calls would be worth at least $10. That doesn't seem impossible, but I also know it's a bad idea to be greedy, especially with options. Still, I think the chances of ESIO trading well off book 3 months into the new year seem very good. Not sure what to do. If they were nearer expiration, I'd trade them for sure. Regards, Mark