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To: SI Bob who wrote (22206)	3/3/2005 7:43:33 AM
From: Sully-	Read Replies (1) \| Respond to of 32911

And a straddle would be calls and puts at the same strike price, right? You got it. FWIW, my strangle scenario was fictitious for chits & giggles. I have been caught with my pants down on a few shorts, but not to the extent I described (more like a choke <gg>). Your JNPR tale brought back some not so fond 9/11 financially related memories. I was long quite a bit of JNPR & held after the markets reopened - OOF! Fortunately it worked out. I got out about six weeks later with a better gain than I had originally expected. These days I stay away from buying calls & puts. I got a few too many 2nd & 3rd degree burns when the bubble burst. I was still fighting the trend & paid the price. I'll sell covered calls when I think I can scalp some easy cash on underlying shares, but that's about it for options lately.