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To: Bipin Prasad who wrote (49301)	10/15/1999 1:01:00 PM
From: Patrick Koehler	Respond to of 53903

Insook - a few years ago, I would probably have bought 10 Oct 65 calls this morning for 2 1/2, and doubled my money. The stock doesn't always move to that strike price which eliminates the maximum option holders, but it is better than 50-50 that it will move in that direction. My favorite option trades were in the last few days before expiration, when the time premium is very low, sometimes 0. The downside is getting caught at the wrong time. In early 1997, I had 130 calls the morning of expiration, and Tom Kurlak did one of his anti-tout things, and my calls became worthless, losing over $20,000. It is the gamble that one takes. Patrick

To: Bipin Prasad who wrote (49301)	10/15/1999 1:20:00 PM
From: Patrick Koehler	Read Replies (1) \| Respond to of 53903

Insook - I'm out of my longs at 71 1/16. Still believe that the price will be close to 70 at the end of the day, and I don't want to hold over the weekend. Patrick