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Technology Stocks : AOL Options for the Bearish -- Ignore unavailable to you. Want to Upgrade?

To: The Duke who wrote (21)	4/25/1998 2:38:00 PM
From: grasshopper	Read Replies (1) \| Respond to of 33

Ohh Obewon (spell?), . . .master . . ., I am the grasshopper at your feet, . . .tell me please, . . . . . . . . . grasshopper has bought the AOL January 75 Calls (leaps) for a premium of about 15. Have I screwed up? grasshopper, humbley at your feet, eagerly awaiting wisdom.

To: The Duke who wrote (21)	5/6/1998 3:52:00 PM
From: L.B.Nguyen	Read Replies (1) \| Respond to of 33

I just bought a few puts and a few calls, each at 1 3/8, @~$87. If AOL moves more than $5 either way tomorrow then I will make a few bucks. However, if AOL stagnents @~83-89 then I will lose both of my put/call by option expiration date. I may have to close them early. I have watched and paper traded this method for a while and it seems to be pretty safe play for the internet stocks. If I had played AMZN, with its 13+ point move, the option would had been triple on the call and -75% dropped on the put. Please comment on this methodology. Thanks