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To: sheldon spivak who wrote (24601)12/10/1997 11:33:00 AM
From: McNabb Brothers  Respond to of 176387
 
sheldon,

We do sell coverd puts at times on our shorts, but tend to stay away in case of big drops! I believe we will see a big drop in stock prices so it is not a good time to sell them now! I will say this, that is the only way I would trade puts for now, and it is nice to collect the premium in ones account! For those that are selling naked puts all I have to do is take a look at ORCL and see how naked puts can kill you!

Hank