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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (73276)	1/11/2000 6:10:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

Terry, What it really amounted to was that I wanted a 72 1/2. Since there is none, I created my own. Today, the 80s were cheap and I didn't buy any 75s to go with them because I already had some. If the stock goes to par on the scam, I will probably be looking at 85s and 90s for a synthetic 87 1/2. Part of it also has to do with activity. I like out of the money options, but, if I am the only one at a deserted pit, I know I will not get the best price if I buy a load there. So, by doing the more active put first, I encourage the specialists and MMs to hedge their bets in the lower strike price, at which point I show up as part of the newly formed crowd for better prices. <g>