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To: Boplicity who wrote (5599)9/24/1999 9:59:00 AM
From: McNabb Brothers  Read Replies (1) | Respond to of 7772
 
This is what is so great about selling naked calls instead of going short. I have about a 10 point buffer and only three weeks to worry about it until it expires! Got $7 for the 150, so it would have to go to $157 to loose money if I had it called from me and I had to go short, which I'm willing if it goes above $150! It's amazing how much time value people will pay for a wasting asset that for out of the money with such a short time!

Hank