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To: Mike Naiditch who wrote (25)2/4/1998 4:06:00 PM
From: Jerry Miller  Respond to of 339
 
...you're killin' me Mike.

your information is not only good, but it's timely, in some
uncanny fashion.
the stock starts a nice run up, you come on the thread, and
the wheels fall off.
i get a chill.

i understand what you're doing though with the straddle.
i buy deep-in-the-money calls on split announcements to hedge
against anything i'm holding that approaches its 10 DMA.
MSQDY is carrying the flag right now.
Dell is next.

keep in touch.
...and don't be so cryptic.



To: Mike Naiditch who wrote (25)2/12/1998 12:54:00 AM
From: Clint E.  Read Replies (1) | Respond to of 339
 
>>When the firms were buying puts, I had to take the other side. Then, I hedged by shorting stock. So yes, I am "short" stock, but hedged.

Those firms could have been hedging against long positions by buying puts.....just like you.

Are these March puts?

Also, could you tell me who the principal MMs are.

Thanks;

Clint