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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
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To: Mr. Pink who wrote (3351)9/28/1998 8:19:00 PM
From: Y2k_fan   of 18998
 
<< Correction: Sold the Jan 20 CALLS, not puts. >>

I think either are correct, depending on how deep your pocket is.

Most people don't have several million dollars of buying power like you do.

But if you sell Jan(Or Oct) 20 puts, you need to short 100000 shares of FP. I could not even find 500 for shorting. Only bought 20 Oct 25 puts this morning before the crash.
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