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To: GVTucker who wrote (153303)	2/8/2000 3:15:00 PM
From: TRCM	Respond to of 176387

GVTucker...Well put (no pun intended)...LoF is dangerous...<eom>

To: GVTucker who wrote (153303)	2/8/2000 4:13:00 PM
From: Chuzzlewit	Respond to of 176387

Exactly correct!!! Two addenda: The higher the striking price the more bullish the outlook. The lower the striking price, the less bullish the outlook. But selling an out of the money put can make you money even if the price of the stock falls. You make money so long as the stock trades above the striking price less the premium received at expiration of the contract. But I would not characterize this as bearish. You make the maximum profit if the price of the stock is at the striking price or higher. TTFN, CTC