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To: Jeff Kirk who wrote (595)1/18/2007 10:21:20 PM
From: Elmer Phud  Read Replies (1) | Respond to of 1141
 
Kirk

Ephud, this volatility in stocks must hurt you as an option writer ? I say this as I raise a glass of wine in morning to my INTC puts which will likely expire worthless tomorrow. JK

Not at all. It's working out perfectly. I too have short INTC $20 puts expiring tomorrow worthless(hopefully). Also short and almost certain to expire worthless:

AMD Puts @ $15
AMD Calls @ $25
AMD Calls @ $25 (second account)
AMD Calls @ $27.5

FXI Puts @ $80
FXI Puts @ $85

INTC Puts @ $20
INTC Puts @ $25

NEM Calls @ $50

NLY Puts @ $12.5

VLO Calls @ $60



To: Jeff Kirk who wrote (595)1/18/2007 11:42:56 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 1141
 
>> I say this as I raise a glass of wine in morning to my INTC puts which will likely expire worthless tomorrow. JK

Jeff, which side are you on ?

Are you long or short the puts ?

I thought you expected AMD to go up and Intel down. But if you are pleased that INTC puts are expiring worthless, then it means you want INTC to stay up. Is that correct ?

So, woe! who goes there ? Friend or foe ? One can never be sure these days.

Sarmad