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To: Big Dog who wrote (13883)3/5/1998 9:08:00 PM
From: SJS  Respond to of 95453
 
Next step in the trilogy is to sell some puts as they get more expensive (as it move down to 20.) I will build a legged-in strangle around 20. I want 1 for the puts, giving me 2 5/8's on either side of 20. Fine I think for March.

I think it will do so tomorrow. Then the weekend comes and more free erosion of the call premiums. Gotta love non-trading days when you sell calls!!