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To: re3 who wrote (54125)7/31/1999 4:32:00 PM
From: pater tenebrarum  Respond to of 86076
 
ike, re: AOL, the jan 2000 42,5 put is certainly very speculative, but so was the april '99 60 call in october '98...
it's simply a high risk/high potential reward bet. if AOL breaks recent support at 90, the 70's would be a minimum target imo. if this were to happen soon the jan 2000 put would be profitable even though it would be still far otom. best to write the position off mentally if you enter into it.

regards,

hb