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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Getcher who wrote (17775)	4/3/1998 7:44:00 PM
From: FJV	Read Replies (1) \| Respond to of 50167

Getcher, I would say that selling 50 XCIT Aug 35 puts is a low risk trade, But not a no-brainer. The third Friday in August is over 4 1/2 months away. XCIT traded as low a 23 in early December '97, about 4 months ago. The premium exists because the risk exists, albeit a small one. Meltdowns happen. Don't mean to rain on your parade - just mho. FJV

To: Getcher who wrote (17775)	4/3/1998 11:53:00 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

Getcher- I have June's and I will keep them-- I did sell some April 1060 twice the number of June longs that will bring my cost basis down by 12 $ hopefully if there is no set back until April-- I will anyway cover my April shorts on break of 1118 otherwise let the positions run until expiry. For me long put is a premium as far as I can lower this cost also I don't mind. I keep out of selling puts and buying calls on stocks at these levels although some badly beaten stocks may deserve attention. I have for JPN index continued with this approach and hopefully will make some decent returns.I did buy some RHMS the day you highlighted at around 39 and change -doing well so far. Thanks for your tips.