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

To: Jill who wrote (5138)	3/16/2000 3:01:00 PM
From: Paul Merriwether	Read Replies (1) \| Respond to of 8096

Option positions for tomorrow: Mgn UQKCJ UQK MAR 50 CALLS 105S 03/14/00 9 5/8 -101,062.50 Mgn UQKCT UQK MAR 42 1/2 CALLS 95L 03/07/00 5 7/8 55,812.50 Mgn UQKCF UQK MAR 30 CALLS 30L 02/17/00 17 1/2 52,500.00 Mgn UQKCH UQK MAR 40 CALLS 30L 03/07/00 9 3/8 28,125.00 Mgn UQKCI UQK MAR 45 CALLS 50S 03/08/00 6 1/4 -31,250.00 Mgn THQCM THQ MAR 65 CALLS 40S 1 1/4 1/4 +1/4 1 1/16 -4,250.00 Mgn THQCP THQ MAR 80 CALLS 40S 1/16 1/16 Unchanged 1/16 -250.00 Mgn THQOR THQ MAR 90 PUTS 40S 30 7/8 28 -1 1/2 28 -112,000.00 Mgn GSTCR GST MAR 90 CALLS 40S 5/16 1/4 -5/8 5/16 -1,250.00 That THQOR was a BIG ouch! Got paid 36000($900/contract) and now owe about $2500/contract. This is somewhat compensated by 40 MAR80 and 40 MAR65 contracts which yielded a total of $500/contract. Am in the debit by ~$44000 on this trade! However, I do not mind owning COMS common so I will hold it(till sep 00 if need be), and write deep outta money covered calls every month to reduce my average. My TVGIA credit spread was quite profitable for me, since I picked the long calls for a song. All in all, not a bad month at all...