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To: edamo who wrote (3186)	2/18/2000 8:41:00 PM
From: steve mamus	Read Replies (1) \| Respond to of 8096

Check out the lowest strike prices on LU for 1/02 - SCH was down most of the day and some trades from today not in acct - however today I got 7 and change for the 1/02 LU's strike either 40 or 45 I can't remember for effective price on LU at less then 40 bucks per share. On the first minute of the trading year this year I sold 4000 shares of LU in the 70's- I had been collecting those for about 1 1/2 -2 years. When the financials really get beat up I will consider selling puts on American Express, Citicorp, CMB among others - in my opinion this meltdown hasn't even other started unless they drop another 20% from here these are not wothwhile to sell puts on and tie up valuable margin and buying power. DoK