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Strategies & Market Trends : Z PORTFOLIO

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To: Ron McKinnon who wrote (1506)	3/25/1998 11:42:00 AM
From: DanZ	Read Replies (1) of 11568

Ztrade - PAUH. We sold 30 covered April 12.5 PAUH calls at 1/4 to produce some income on our position. I sold 40 contracts in my personal account at 1/4 as well. The stock is making a nice run but I'm willing to take the premium in exchange for the unlikely event that PAUH finishes over 12.5 on April 17. Commission is $15, so our net is $735.00 I also bought puts on APM, both April 12.5s at 1 and April 15's at 3. Not a Z trade--personal trade only. Dan

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