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To: brian z who wrote (36938)	1/21/2000 2:05:00 PM
From: taxman	Respond to of 74651

exactly. in any case where the market maker does have a position in options and the market starts to run against him there ain't a damn thing he can do about it. regards

To: brian z who wrote (36938)	1/21/2000 2:21:00 PM
From: Matteo	Read Replies (2) \| Respond to of 74651

Brian Z, I appreciate all the advice I can get get. I had Jan 95, 100, and 110 calls. The plan was to sell them on Tuesday before earnings. Instead I got greedy and sold covered calls for Jan 115 at 3.50 All this to break even. I agree that you should always sell before earnings but with W2K around the corner and Maffeis bullish statements, and looking at last year's pattern I felt the stock would continue to rise or at worst stay flat. Please share some ideas or strategies you may have to offer