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Non-Tech : AMERITRADE HLD A (NASDAQ:AMTD)
AMTD 1.0200.0%Nov 14 3:59 PM EST

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To: gizmo&jack who wrote (876)4/13/1999 1:17:00 AM
From: Henrick Khachatourian  Read Replies (1) of 1848
 
**OT** Please advice

Gentle Readers,

I have never bought or sold options before...However about 3 months ago I purchased 900 shares of a stock (lets say AOL or AMTD) which has had a nice run up.

I would like to purchase some PUT options to insure my gains in case the stock turns and goes lower than it is today. My question is, how should I judge what price and which expiration date to select ...should I buy JAN00 PUT options equal to today's price?? This will cover me in case the stock turns, and also it will make this a long term capital gain (longer than a year).....

Any advice would be greatly appreciated.....

Henrick
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