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To: PeterGx who wrote (5015)12/23/1997 9:09:00 PM
From: StaggerLee  Read Replies (2) | Respond to of 27307
 
>>...at least until earnings come out (Jan14)

January puts expire on Jan 16. This allows time for post-year end profit taking by the longs, as well as exposure to the earnings announcement.

My new Jan 65 puts (which replaced my shorts and tripled my leverage today) were up 28%! Tomorrow would be a nice day for the bottom to fall out of this one.