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To: Knighty Tin who wrote (34347)	10/22/1998 4:27:00 PM
From: miklosh	Read Replies (3) of 132070

Hi Mike, I have some novice options questions for you (so please don't hurt me). <G> 1) I was looking at the XLNX Dec 35 puts and noticed that there were three different symbols : .XLQXG, .XLQXG&C, and .XLQXG&P. What do the C and P stand for? TIA 2) I've been long amat since $14 split adjusted. At $32+ I think it's crazy overpriced. I haven't sold for two reasons. I really hate paying the taxman. I think the company is great for the long run and I am concerned that I'll screw up my reentry into a long position ( I have a hard time cutting my losses and taking profits). In your opinion should I: a: sell b: hold and buy some puts c: sell and buy some puts d: hold and write some covered calls @ 35ish to force me to sell if the mania continues (last time amat mania occurred I froze and would not sell at 50+!) e: hold and write some out of the money high teens to low 20's puts to force me to buy another third when the knife falls f: combine d and e for a covered straddle to force me to take profits and buy low so that I force myself to stop trying to catch the absolute tops and bottoms. g:other zz: buy some way out of the money calls on some internuts stocks <g> Do you like covered straddles for the moderately risk adverse (so that the discipline of taking profits and dollar costing down is assured, and the possibility of freezing and not responding to a stocks movement is eliminated) for reducing risk and assuring a modest income? In general, what do you think the best options strategy for a relatively inexperienced investor (3years) who would rather get on base consistently than swing for home runs and miss most of the time is? As always, thanks for your thoughts. miklosh

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