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To: GST who wrote (70954)	7/31/1999 10:21:00 AM
From: re3	Respond to of 164685

GST, good point about aol being bigger... i tried going long on aol via selling a put and of course, it didn't work...i took my lumps and bailed...i guess the old theory of staying away from what you don't understand still holds water... i am short ebay via a oct 150 put...i prefer going with one in the money put, rather than ponying up a mega premium to try to score big on many out of the money puts...plus, the latter strategy has not worked for me and just has played into the option mm's hands... if you'd like to indicate which strike(s) you chose on aol, i'd appreciate it, but of course, you may want to keep that under your hat and that is fine too... IKE