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To: RubyRed who wrote (8602)	1/17/1998 8:19:00 PM
From: donald sew	Respond to of 95453

Carol, I have not played PUTS on the OSX yet. Its a good option since the time value was reasonable until recently. I would be very careful playing PUTS now on the OSX. I am totally not a fundamentalist, purely a technician. The technicals are indicating that the OSX is gaining strength. I do not see the huge downdrafts in the future as we have seen recently. If the market drops, of course it will also drop, but feel the downside has been reduced, unless the market really tanks. seeya