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To: edamo who wrote (334)	12/29/1999 10:03:00 AM
From: taxman	Read Replies (1) \| Respond to of 8096

"wait until maturity????" i guess you could close out the 500 put at a profit and sell the 1,000 put. meanwhile i like the increasing gamma on my long qcom calls today while your gamma is decreasing on your short puts. take that! regards

To: edamo who wrote (334)	12/29/1999 10:05:00 AM
From: PAL	Read Replies (1) \| Respond to of 8096

ed ... give it a rest. we are here to present what we know and what our experience has been. there is no intention to make a convert of any reader. if the strategy suits that person, and our knowledge is of benefit, that is fine. last nite i posted about how to cope with a downturn which should show that there are ways to limit the exposure. however it is ok if our naked put strategy is still considered "high risk/less reward". Message 12403057 as one wise man told me: "let the other party win the discussion, but let us keep the money." best regards, paul