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To: Frank Ellis Morris who wrote (13115)11/12/1997 10:04:00 PM
From: Brian Malloy  Read Replies (3) | Respond to of 27012
 
Frank,

Basically,
With regards to options those in JAN or earlier I dumped except for SUNW. (I don't think SUNW will recover by JAN but the price is such that if it goes down to 0 it doesn't matter at this point.) The time decay was looking bad and I believe the markets are going lower in the near term. I sold my DELL and CSCO during the little rally after the big drop and came out okay especially with CSCO. Next options I have are for March (IDX, VVUS) and I will just sit on those.

I may play with some S&P or DOW INDEX puts, just kind of monitoring the situation and waiting for an oportunity to strike.

Brian