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To: John Stewart who wrote (2333)12/23/1999 10:59:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 3661
 
John,

I hate giving someone else the premium. I prefer to collect them.

i.e. - I took my customary MTSN dividend on the Feb 15 PUTs which opened this week.

My guess is that the Fed meeting risk at their Feb 1-2 meeting will be offset by MTSN's stellar earnings.

I'm also short PUTs for a couple biotechs that I'd love to own at the strike price that go out beyond the Feb Fed meeting.

My BUY and HOLD mindset has me ill-equipped to handle most option strategies.

Since I started more aggressively selling options near the end of June, the specialists have been kind enough to give me $80K. I think I'll cut down on the risk I'm taking next year and shoot for not much more than that throughout the entire year.

Or I might even decide to take an extended vacation from my daily routine.

Retiring has turned out to be a lot harder work than I'd intended. ;^)

Best regards,
Ian.



To: John Stewart who wrote (2333)12/23/1999 11:46:00 PM
From: Ian@SI  Read Replies (1) | Respond to of 3661
 
Now here's an extra big smile for the Xmas season...

Ian.

+++++++++++++++

Taiwan Hot Stk: UMC Up On Pft Potential, New Plant Report

TAIPEI -- Shares of United Microelectronics Corp. (Q.UME) are rising early Friday as investors expect the chipmaker to generate solid profits next year amid the continued recovery in the global semiconductor industry.

In addition, the stock was boosted by news that it will join hands with Japan's Hitachi to set up a US$2 billion 12-inch wafer plant.

Around 0145 GMT (8:45 p.m. EST Thursday), United Microelectronics' stocks were NT$2.5 (US$1=NT$31.62) higher at NT$103 on volume of 35.6 million shares.