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To: Electric who wrote (30178)	12/3/1997 4:48:00 PM
From: Rick C.	Respond to of 58727

El~I actually started selling the PLAB Dec puts on Nov. 7th, so I've had more than a month. Have offset three turns for 1.25, 3, and 2 for gross 6.25. Subtract 2.375 for one time cost of underlying protective put has me up 3.875 right now with two weeks to go till expiration and PLAB pulling down again today after split Tues. So I'll sell once more at a lower, safer strike for between 15/16 and 1 1/4 probably. Would be nice if QuoteCom could manage to adjust its database brfore expira. No fun writing puts on 20 min delayed numbers. PLAB has been remarkably volatile in its pre-split run. A real Hall of Famer. Regards, Rick