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To: Mike Moran who wrote (1075)	5/12/1998 6:08:00 AM
From: Linda Kaplan	Respond to of 2911

Mike: It was the 35's I was trying to pick up, but they eluded me. I was going a little further out, though. I'll make another stab today. Which rag interviewed you? Jay's? I want to read it! Linda

To: Mike Moran who wrote (1075)	5/13/1998 1:55:00 AM
From: John Metcalf	Read Replies (1) \| Respond to of 2911

{I'd look at the ADRX $35 puts for any period 90 days or less out.} Hey, Mike, you should tell them what the total open interest is for ADRX puts (all strikes), less than 90 days out -- 47 contracts! That's right, only 4700 shares! Forty-seven contracts makes for no liquidity at all. (ADRX puts with ninety days or more -- 12 contracts.) How many did you buy before recommending them? Or it could be.... Are you writing ADRX puts? Would that be in anticipation of the $10mm per quarter they start getting from HMR in July? Geeze, Louise, total Sleeze! You be shucking the bucks off the clueless newbies.