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To: SJS who wrote (19213)	4/15/1998 6:54:00 PM
From: Big Dog	Read Replies (1) \| Respond to of 95453

Steve -- I sold some puts early this week on FGII. I sold the AUG 30's for about 3 1/2. Today the same put is about 3 or a little less. IMO that is a safer trade than selling puts on NE or the other one you mentioned. I don't mind owning FGII at 26 1/2 any day of the week. I think that bit of put premium is money in the bank. I plan to cover when the price gets to about 1 for a 2 1/2 point profit, then maybe sell again further out. Looks like I will get called on my CXIPY covered calls at 60. Hate to lose that stock, but I will buy it back on a dip. I have already churned a few covered call positions out of it. Any good options sale ideas are appreciated. I like taking money IN.