Roger's 1997 Short Picks Message Board

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Strategies & Market Trends : Roger's 1997 Short Picks

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To: jimleon who wrote (74)	1/6/1997 11:54:00 PM
From: Dwight E. Karlsen	of 9285

jimleo: >The question is how can somone short ZTEL or buy puts without paying big $$$ for premiums? You did mean ZITL, right? I bought March puts, and I paid a big premium. But, since ZITL is so volatile and no-one seems to know the short-term direction, the premium is still there. I have seen no erosion of the premium on the puts I paid for. Over a month of course, there will be some erosion. How much, who can say. I am sleeping like a baby at night. Time is on my side, not on ZITL's. Dwight.

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