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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Lane who wrote (13191)	12/13/1997 12:50:00 AM
From: Lee Penick	Read Replies (1) \| Respond to of 70976

Lane, I went the gutsy route and went naked, thinking their wasn't much more downside potential, oops. I may be rolling forward for awhile. Good way to develop a personal relationship with my broker, and put his kids through school! The spread is apealing, buy I hate to pay to buy the lower put, and then have the extra commission. If I continue to sell puts when the price is higher, then the protection of the spread is probably well worth it. Lee