Hi John : I'm holding both positions but will close out calls AM
MON I didn't think she would hit 40..should have got thoes puts
this morning, almost did.
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AOL AMERICA ONLINE INC Last 37 Chg -7/8
Vol 1,081,700
SYMBOL DESCRIPTION LAST CHG HIGH LOW VOL
------ ---------------- ------- ------- -------- -------- ---------
.AOLBD C FEB 97 20.000 15 1/8 0 0 0 0
.AOLBX C FEB 97 22.500 19 1/2 0 0 0 0
.AOLBE C FEB 97 25.000 11 3/8 0 0 0 0
.AOLBY C FEB 97 27.500 7 3/8 0 0 0 0
.AOLBF C FEB 97 30.000 8 3/8 +3/8 8 5/8 8 3/8 111
.AOLBZ C FEB 97 32.500 6 1/8 0 0 0 0
.AOLBG C FEB 97 35.000 3 5/8 -1/2 4 5/8 3 5/8 239
.AOLBU C FEB 97 37.500 2 1/4 -7/16 3 1/4 2 3/16 519
.AOLBH C FEB 97 40.000 1 3/16 -9/16 2 1 3/16 965
.AOLBV C FEB 97 42.500 3/4 -1/4 1 1/4 3/4 348
.AOLBI C FEB 97 45.000 7/16 -3/16 3/4 7/16 803
.AOLND P FEB 97 20.000 1/16 0 0 0 0
.AOLNX P FEB 97 22.500 1/16 0 0 0 0
.AOLNE P FEB 97 25.000 1/8 0 0 0 0
.AOLNY P FEB 97 27.500 5/16 0 0 0 0
.AOLNF P FEB 97 30.000 3/8 +1/16 3/8 1/4 86
.AOLNZ P FEB 97 32.500 13/16 0 13/16 5/8 75
.AOLNG P FEB 97 35.000 1 11/16 +5/16 1 11/16 1 3/16 494
.AOLNU P FEB 97 37.500 2 3/4 +1/4 2 3/4 2 1/4 257
.AOLNH P FEB 97 40.000 4 1/4 +1/4 4 1/4 3 1/2 18
.AOLNV P FEB 97 42.500 6 5/8 0 0 0 0
.AOLNI P FEB 97 45.000 8 1/4 +3/8 8 1/4 7 7/8 103
.AOLCG C MAR 97 35.000 5 1/2 +3/8 5 1/2 5 1/2 208
.AOLCU C MAR 97 37.500 3 1/2 -1/2 4 1/8 3 1/2 31
.AOLCH C MAR 97 40.000 2 5/16 -7/16 3 2 5/16 340
.AOLCV C MAR 97 42.500 1 13/16 -3/16 2 1/4 1 13/16 408
.AOLCI C MAR 97 45.000 1 1/2 +3/16 1 1/2 1 1/2 4
.AOLOG P MAR 97 35.000 2 7/8 +5/16 2 7/8 2 1/4 112
.AOLOU P MAR 97 37.500 3 5/8 0 3 5/8 3 5/8 1
.AOLOH P MAR 97 40.000 5 1/2 +1/4 5 1/2 4 3/4 35
.AOLOV P MAR 97 42.500 8 1/2 0 0 0 0
.AOLOI P MAR 97 45.000 10 3/4 0 0 0 0
.AOLDW C APR 97 17.500 18 5/8 0 0 0 0
.AOLDD C APR 97 20.000 17 7/8 0 0 0 0
.AOLDX C APR 97 22.500 16 -1 1/2 16 16 1
.AOLDE C APR 97 25.000 11 1/2 0 0 0 0
.AOLDY C APR 97 27.500 9 1/4 0 0 0 0
.AOLDF C APR 97 30.000 9 3/4 +5/8 9 3/4 9 3/4 5
.AOLDZ C APR 97 32.500 6 1/2 0 0 0 0
.AOLDG C APR 97 35.000 5 1/4 -7/8 6 1/2 5 1/4 34
.AOLDU C APR 97 37.500 4 5/8 0 0 0 0
.AOLDH C APR 97 40.000 3 3/8 -1/8 4 3 3/8 146
.AOLDV C APR 97 42.500 2 1/2 -7/16 3 2 1/2 49
.AOLDI C APR 97 45.000 2 1/8 -1/4 2 3/8 2 1/8 25
.AOLDA C APR 97 47.500 1 0 0 0 0
.AOLDJ C APR 97 50.000 1 5/16 0 0 0 0
.AOLPW P APR 97 17.500 1/8 -7/16 1/8 1/8 30
.AOLPD P APR 97 20.000 1/4 0 1/4 1/4 5
.AOLPX P APR 97 22.500 7/16 0 0 0 0
.AOLPE P APR 97 25.000 5/8 0 5/8 5/8 10
.AOLPY P APR 97 27.500 1 0 1 1 10
.AOLPF P APR 97 30.000 1 11/16 +5/16 1 11/16 1 5/16 166
.AOLPZ P APR 97 32.500 2 1/4 -1/8 2 1/4 2 1/8 130
.AOLPG P APR 97 35.000 3 3/8 +1/8 3 3/8 3 53
.AOLPU P APR 97 37.500 4 1/4 0 0 0 0
.AOLPH P APR 97 40.000 5 3/4 -1/4 5 3/4 5 3/4 10
.AOLPV P APR 97 42.500 8 7/8 0 0 0 0
.AOLPI P APR 97 45.000 9 5/8 +3/8 9 5/8 8 3/4 15
-----------------------------------
.AOLBZ C FEB 97 32.500 6 1/8
.AOLNH P FEB 97 40.000 4 1/4 +1/4
10 3/8
my see saw worked..will dump the calls asap
hold the puts and watch the trading, if she moves up
I'l dump them..if she keeps going down, I could get a
good ride and bang her both ways. I'm out in april puts
bought the 20 a week ago cheapest, more bang for the buck if she
falls hard..it's 3 mo out so I'm confident she will get
bashed hard at least once during that time.
I'm skiping march..may take another basket of april 20,
if I can get them at 1/4 or ( 5/16) is what I had to give
for them a week ago..if she falls just a liitle bit now they
will get jumped on..keep in mind they don't have to move
much to double. With web-broker I get a discount on the trade
and can actually make money ( not much ) but some on a 1/16
move providing I buy a big basket, as it cost me $27 , for
the first contract but only 1.125 per contract after.
They are a long way out of the money, and it's like swinging at a
home run, none the less if one fund manager gets feed up,
she could dump hard. They are just sitting there not active'
right now, however they will get active later if she flirts
with 34 or lower, and when she breaks down to 30 they will be
selling like hot cakes..at 5x or more of their value now.
or at least I hope so <G>
Jim
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