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Biotech / Medical : Cell Pathways (CLPA) -- Ignore unavailable to you. Want to Upgrade?

To: Greg Rich who wrote (347)	12/8/1999 1:54:00 AM
From: tuck	Respond to of 566

Greg, It's specific to my situation, but sure. I got called out of half my position and had bought back calls on the other half. I've sold an equal number of puts. Thus half of my position is currently unhedged. I was going to let it run on the theory FDA would approve. With that decision put off for a few more months, I intend to hedge the naked half, milking the premiums while I wait. I'm going to be out a lot during the holiday season, and I'll have to write April calls. Cheers, Tuck