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Non-Tech : Just For Feet (FEET)

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To: Mark T. Heath who wrote (212)5/24/1997 12:04:00 AM
From: Walter High   of 750
 
Fellow FEETians:

I am back in, sort of. I sold 10 Dec 22 1/2 put contracts today for $7,000. If FEET closes above 22 1/2 on Dec. 20th, I walk away with $7,000 free. If it closes below 22 1/2, I get 1000 shares of the stock at an effective price of 15 1/2 (not considering comissions). The only danger is FEET closing below 15 1/2 in Dec. I can't really imagine that happening unless they really screw up this year. Looks like things are back on course now.

Walter High
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