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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: MeDroogies who wrote (9574)	2/10/1999 4:18:00 PM
From: Eric	Read Replies (1) \| Respond to of 19080

if you truly believe that the stock will be back next week, what you can do is to purchase some Feb 50 calls when the stock dips and sell your Feb 55 calls when the stock rebounds ... the idea is to trade in some high premium options for low time premium options while there is still time, as the expiration approaches, the premium will dry up quickly ... of course, this works if you believe the stock will be back by the end of next week, otherwise, if you still want to stay in option, roll your position to next month in which Oracle will probably get a boost from its stock split and earning, hopefully.