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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Sonki who wrote (11589)	11/9/1998 4:53:00 PM
From: Alok Sinha	Respond to of 64865

No I didn't cover the 55 calls, so most likely the stock will be called way next week. My strategy, in case that happens, is to write naked puts for successive months, till the stock gets assigned to me. Usually I am a little early in writing the puts esp. when the stock is on a downswing. Given the market's recent rise (mostly on speculation for further rate cuts, and little changed with respect to the uncertainties that brought the NASD down to 1400) I expect a correction to begin if the Fed does not ease again on Nov 17. In any case, SUNW's recent rise has been nothing short of spectacular, and as always I remain a firm SUNW bull (inspite of my covered calls). Also check out ADIC (It went from 6 to 15 in the last month - I got in at 6 1/2. May represent vlaue if it pulls back to the 12-13 level. I also bought KMAG at 2 1/2 , JDAS at 8, IFMX at 4 during the last meltdown, and those positions have increased quite substantially. Should add that the ease with which my portfolio has increased in value makes me quite nervous in the current environment) Regards Alok