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To: TREND1 who wrote (31872)4/8/1998 10:37:00 AM
From: Patrick Koehler  Read Replies (1) | Respond to of 53903
 
Larry, it was holding too well at 28, so I dumped 25 Apr 35 puts and 14 Apr 32.5 puts. Still holding 35 MUPZ's (Apr 32.5 puts).
Option open interest at this time favors the 30 strike price by 20k contracts over other strikes. That, plus being close to the bottom of the downward channel, plus holding at 28, I lightened up.
Patrick



To: TREND1 who wrote (31872)4/8/1998 10:39:00 AM
From: psujr  Read Replies (1) | Respond to of 53903
 
bounced off 28....now 28.5


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