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To: LLCF who wrote (163117)4/30/2002 6:09:13 PM
From: Terry Maloney  Read Replies (1) | Respond to of 436258
 
DAK, that's for sure ... on both counts. <g>

I got faked out of this one. The premium on the May options collapsed last week, after expanding for the past month. All I could find to explain it was that the FDA was doing a preapproval inspection at the Lilly plant ... made me assume the market was saying the stock wouldn't be going anywhere, so I sold my puts at a modest profit. I won't make that mistake again. <ng>