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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (1724)	12/10/1997 10:42:00 PM
From: Orhan Birol	Read Replies (1) \| Respond to of 12617

I don't now about this 70-20-10 thing-but let me tell you something my friend, you need luck toooo!!! I always buy short term puts or calls on unrerlying secutity. Yesterday after reading the NYTimes article on OXHP I decided it was going down, lookin at the chart decided had to break the 20, to buy the puts as the support there was big. So I did somethingI rarely do; and always make money with, but not a killing - I sold a naked DEC 20 call and got 1 5/16 premium, to day covered @ 3/16. If I had bought the puts, a killing! Good luck, Orhan