America On-Line: will it survive ...? Message Board

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Technology Stocks : America On-Line: will it survive ...?

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To: CLAUDE JOHNSON who wrote (3639)	6/27/1997 9:04:00 AM
From: James F. Hopkins	of 13594

Hi Claude; Your Brokerage deal sounds Ok, that .3% is that every quater ? As for 75 trades I can do more than that in a month, and often do. Your deal selling the calls buying the puts..did you get to write uncovered Jan 65 calls ? If so that would stop me as, I don't qualify for uncovered call writing, I can sell puts if I hold enough in the cash to pick up the stock at least on margin. So for me to write calls on AOL I'd have to go long the stock, and that's a no thanks. I must admit the position sounds real good, and extreamly bearish now, I'm bearish, but I know this baby has been manipulated in the past, and could be again..my risk is more limited with just haveing put positions for now. Heck if she goes on down to 51 or so I may even buy some calls. Good luck Jim

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