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To: Sam Citron who wrote (6017)	6/16/2003 4:26:32 PM
From: semi_infinite	Respond to of 13403

OT IMO the incremental premium (derivative with respect to time) vs time is not favorable for the leap put seller unlike in 1998. So, if I were to go out that far - it implies an aggressive stance and way-in-the-money puts ($30 strike for example)or leap-calls would be more consistent with such a stance. I have no hard rules (other than liking the underlying stock) about what or when to sell puts but it's definitely easier when there is a rush to buy as on Friday so liquidity (or spread) enters the decision.