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To: yousef hashmi who wrote (50402)	1/25/2000 11:03:00 AM
From: yousef hashmi	Read Replies (2) \| Respond to of 53903

total is rising =6320 so far on feb /75 puts!!

To: yousef hashmi who wrote (50402)	1/25/2000 11:43:00 AM
From: Land_Lubber	Read Replies (2) \| Respond to of 53903

Bullish, but not aggressively bullish. This trade makes money as long as MU is above $66 on February 18. He could be expecting MU to stay flat, or even drop a little. Incidentally, if I tried to sell 2500 MU Feb 75 puts without corresponding long puts or a short position in the stock itself (i.e., if I tried to sell them naked) my broker would require a margin credit of 6.6 MILLION DOLLARS. I am appalled at how hard my broker (TD Waterhouse) makes it for me to do naked writing. Please tell me what margin requirement your broker would ask for this trade (everyone, please). I would like to compare and switch brokers. Land_Lubber