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Strategies & Market Trends : Options
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To: PAL who wrote (7879)5/31/2000 11:45:00 PM
From: Jeffry K. Smith  Read Replies (1) of 8096
 
I've got 2 Jan '01 160 puts sold on this one, Paul.

You've got guts (and more money than me!) to be selling the June puts!

I hope it works out for you. I have been stunned by the drop in price from $100, and yet the P/E multiple still remains quite high - which is what is keeping me from getting in even at these levels.

Regards,
Jeff Smith
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