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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (20209)	4/10/1999 1:25:00 PM
From: t2	Read Replies (2) \| Respond to of 74651

Jill, I prefer not to go way out of the money at this point. On a selloff, I would consider buyng April 85s Monday if there is a drop of $3 or more. (would consider it on a $2 drop but not sure at this point) However, I would get rid of these by sometime Tuesday. RE: May calls--I would consider strikes 85,90, 95. At this point I am not willing to look at higher strikes. I would not plan to hold these past earnings. Unload the day of earnings or the day before. RE: July, October calls. I am willing to buy and hold these until July. Not sure of the strike prices. June quarter will have Office revenue in it---i think it is being underestimated. I would even consider unloading these by April earnings if there is a good profit. RE: Leaps 2001--Willing to buy and hold these into next year. Strike prices 100 to 110 (or maybe 120). Conclusion: I am apprehensive about news from the trial when considering short term options. I have a feeling the two sides are far apart but I just don't want to hear a public announcement of talks breaking off. However, I don't expect such a statement. If it does happen, that could mess up options plans, especially April and Mays. In addition, we could have some investors wanting to get out before the re-start of the trial. This could cause selling pressure in the last week in April. This is why I need to see a big selloff Monday before I take a big chance with options (might consider small moves however). I am interested in mostly short term trades at this point unless I am willing to buy July/Oct/ or Leaps. There may be just too much volatility with the stock. I will probably just stick to trading in the options rather than holding on for longer periods of time. Might buy Monday and sell within a week. As you can tell I am not very comfortable with options. As I have stated before I might be becoming risk averse---or just want some peace of mind. That could be why I seem undecided OR cautious. A few months ago I would not even have seconds thoughts about buying call options in a selloff. Options cause too much stress for me. Best of Luck with whatever you decide to buy. By the way, I don't sell puts.