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Technology Stocks : Mattson Technology -- Ignore unavailable to you. Want to Upgrade?

To: John Stewart who wrote (1906)	9/29/1999 9:54:00 PM
From: Ian@SI	Respond to of 3661

John, I'm not the only brave soul. It looks like 2 contracts were sold at 1 1/16 yesterday. That would barely cover the commission with my broker if, for any reason I had to do the round trip. Selling puts as things are going to hell takes real conviction! IMO, that's the only time to sell them. Actually, my haste was more from missing out on the UXQs than MTSN's fall. With a beta more than twice that of the S&P 500, I'd expected to see it closer to 11 and the option price closer to $2. But I was expecting 40 contracts like last time Wrong! Last time was 25 Januarys. Today's sale completed the order when the specialist dropped the bid in the middle of my order. That time I got a $5500 dividend. Today my dividend was just under $4000. Last expired options were for 50 Sept contracts. ps. It's all fully taxable, my friend! Yes, but I don't have to pay the tax on unrealized gains in my shares. And I still get to benefit from MTSN's volatility. And the worst that could happen to me is that I get to own some more shares of MTSN. <VBG> All nudges to sell puts are welcome. Best wishes, Ian.