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Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: Chuzzlewit who wrote (1113)	12/17/1999 2:44:00 PM
From: TigerPaw	Respond to of 3770

debating three strategies I'm really an amature when it comes to options. I am still in the practicing stage. My personal tendancy is to go ahead and take a loss when it's this close to the end of the year. I think you need to consider rolling out as two seperate transactions and be sure both parts make sense at the time. As far as taking the stock, after the EMC experience I found that I had borrowed a big chunk of money from the broker when the stocks were put and I hated watching the interest pile up each month, so I liquidated some other positions that I wish I still held. TP

To: Chuzzlewit who wrote (1113)	12/17/1999 6:48:00 PM
From: zyx1996	Respond to of 3770

I think you may consider roll out and roll down, which is somewhat similar to your 3rd choice.

To: Chuzzlewit who wrote (1113)	12/17/1999 9:32:00 PM
From: Tom K.	Read Replies (1) \| Respond to of 3770

Chuzzlewit, I'm a PUT seller also. I allowed myself to be put TYC last month at 45.... then of course the bottom dropped out. So my plan is to work the basis down through selling CALLs. If the stock stays where it is, I've a long stretch ahead..... if it recovers, I'll be out earlier with a profit. I'm also short Jan PUTs at 30 and 37.5. Since I'm a little gun shy now on TYC, I'll most likely roll out (and probably down) before expiration if they don't move. Tom