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To: patron_anejo_por_favor who wrote (104512)	5/24/2001 12:36:27 PM
From: mishedlo	Read Replies (1) \| Respond to of 436258

Bought 10 in the money FNM 2003 puts today. Any sane response between now an 2003 should get me a double. Another way to pay is to buy leap puts above 80 and sell at 76. This wouls have also been profitable quite a number of times. On a fall to 75 or so, maybe I will consider buying short term calls and dare the sucker to bounce again. I think there are many good ways to play this. Way out of the money PUTs does not look right to me. On the leaps I only have to be right eventually from this level. M