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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Cynic 2005 who wrote (38351)5/4/1999 5:30:00 PM
From: Mark Ivan  Read Replies (2) of 86076
 
Mohan,

I'd wait until May expiry before jumping on the RMBS Puts. The is so much OI on the Put side for May that I think it will hold the stock up in the high 50's low 60's range. After May expiry, the options effect is much less menacing for a short.

IMHO

Mark
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