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To: ViperChick Secret Agent 006.9 who wrote (35851)	3/3/1998 11:37:00 AM
From: peter n matzke	Read Replies (2) \| Respond to of 58727

buy 10 125 calls buy 10 130 calls sell 10 115 calls credit spread of $2 potential payout stock at 110=$2 pershare 115=$2 120=<$3> 125=<$8> 130=<$8> 135=<$3> 140=$2 150=$12 160=$22 170=$32

To: ViperChick Secret Agent 006.9 who wrote (35851)	3/3/1998 11:43:00 AM
From: broken_cookie	Read Replies (1) \| Respond to of 58727

hi lisa, your very bullish spread buy calls and sell puts at equal strike is a synthetic long. very risky. your margin requirement assumes the possibility of tbr going to zero. you may want to buy some way OTM puts to limit your requirements on the short put side. sold out of cpq for a 2.5 point loss yesterday. :( I'll look to get back in at 27ish. sold puts on bay today, bought more jan99 calls. cs blowing up was overdone. take care