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To: mightylakers who wrote (81040)	9/21/2000 3:47:14 PM
From: Jacob Snyder	Respond to of 152472

re: selling naked AAOVM either today or tomorrow Those are October 65 puts, now at 2 1/2- 2 5/8 (there was a system crash when I attempted to install the decimal software between my ears, so I'm back to fractions. The IT Dept. in my left Frontal lobe says those idiots in the Hippocampus screwed it up, and they will re-attempt the upgrade "after those bozos go to the training session"). Anyway, the volume on those is 429 today so far, and the open interest is 8200, so obviously a lot of people like them. It's anybody's guess how many were sold naked. I won't buy them because: 1) I swore off options with time-to-expiration not measured in years, after several episodes of negative-reinforement cycles:(I buy them, I lose money, I buy them again, I lose money again. Eventually, I learn not to buy them). 2) I like to be in control of whether I hold a stock. Selling naked puts, I'd lose control. So, I'm going to (try to) do it the plain-vanilla way: buy and hold the stock. I'd be willing to buy VLMAT (2003 calls, 100s), but only in the unlikely event the stock hits the 40s. Interesting idea, though, on AAOVM.