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Technology Stocks : Cabletron Systems (CS: NYSE) -- Ignore unavailable to you. Want to Upgrade?

To: Doug who wrote (5816)	3/25/1999 5:57:00 PM
From: Trey McAtee	Respond to of 8358

doug-- the stock is a trading sardine. it goes up and down pretty regularly. so, i would suggest not too far out the money calls and puts. like maybe june 10 calls right now. then, when it starts to look overbought, sell them and buy some 10 puts. keep playing it at least 2 months out and you should do pretty well. then churn profits into the leaps if you still want them. in this way you have a pretty much constant position. personally, with a stock this beaten up, i wouldnt play the puts for anything other than risk management on a common position. in other words, i would just stick to calls if your interest is purely the options. good luck to all, trey