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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: ViperChick Secret Agent 006.9 who wrote (30635)	3/9/1998 5:41:00 PM
From: Larry Brew	Read Replies (2) \| Respond to of 50808

lisa, << maybe I need to watch the option tapes again >> Covered meaning I hold the stock in my portfolio. Someone wants a put at a given spread for a fixed price. Say Cube is at 20 and the put is 18. If the stock drops to 18 by expiration, they get my stock and I already hold the money they bought it with. Is this incorrect? Like I say, never touched this ball before. Now, if your calls expire worthless aren't you out the commission. I guess this is offset by the sell of the call. Seems like similar risks???? Larry