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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Jill who wrote (3159)	2/17/2000 9:30:00 PM
From: steve mamus	Respond to of 8096

SEBL - very strong stock Closed around 117 today 1/02 premiums average 22 per share on puts I sold 1/02 - put price 58/share common. Not bad odds for the stock that IBID I believed ranked as the 4th strongest tech stock last year. Started this about month ago - I have 100 contracts in this position - the house limit DoK

To: Jill who wrote (3159)	2/17/2000 9:31:00 PM
From: Paul Merriwether	Read Replies (3) \| Respond to of 8096

Just "discovered" this thread! Way cool man. Been doing Options on our favorite apes QCOM, MSFT and GMST(F)(since Mar '97 cost basis ~ 3) --also am a long term common holder on all three. Just wondering, what the impact of GSTBN & GSTBO(Feb 70/75) will be on the expiration. Conventional wisdom would suggest that GMST would go down significantly tomorrow. The open interest on these two strikes is just phenomenal(by gmst standards)!!! My positions for tomorrow 2/18: Mgn MSQNS MSQ FEB 95 PUTS 50S 3/4 7/16 -5/16 1/2 -2,500.00 Mgn MSQNT MSQ FEB 100 PUTS 30S 3 1/4 2 -3/4 2 1/2 -7,500.00 Mgn UQKBH UQK FEB 40 CALLS 30S 02/16/00 8 1/8 -24,375.00 Mgn GSTNL GST FEB 60 PUTS 60S 02/10/00 1 5/8 -9,750.00 Mgn GSTNN GST FEB 70 PUTS 50S 02/14/00 1 3/4 -8,750.00 Total XXXXXXXXXXXXX Looking like all these will expire worthless tomorrow except for UQKBH calls which are offset by some march calls. MSQNT is teetering on the edge, but the downside is that I will be assigned 3000 MSFT @ 100. I feel very comfortable holding some additional MSFT shares @ this level! Message 12886791 Message 12868143 etc. etc.