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To: Walter Xie who wrote (8937)	1/14/2001 4:41:08 PM
From: McNabb Brothers	Read Replies (2) \| Respond to of 13572

Walter, I have some Jan. 60 puts sold on QCOM that was sold when QCOM was trading a little less than $60 for about $5 and change. They look like they will expire worthless come Friday. Right now I'm looking to roll out to later in the year on QCOM puts and will sell the ones that look to have the most premium such as the 70's or 80's. I looked at ARBA on Friday and thought about selling the 30 puts on it, but never pulled the trigger. Right now I'm selling many more puts, for I'm seeing some very good bargins in some of the beaten down tech stocks. By the way QCOM is one of my favorite stocks for the longer term and I own it out right along with the puts I've been selling. >You must be a seasoned trader/investor< Yes I'm seasoned alright for I have been toasted, baked, fried, and burned selling options naked, but over the long haul I'm money ahead! Hank