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To: Andrew Vance who wrote (13872)	5/15/1998 3:19:00 PM
From: Andrew Vance	Respond to of 17305

AV--Son of Gun!!! My PUTS went off at 2.875 and 3.00 upon confirmation. I'll take that any day!!!<GGG> Excluding commission, we have a break even and $0.50 gain coupled with what looks to be $1 on the CALLs when they expire in 52 minutes. Like Tech Master stated awhile ago, "I love it when a plan comes together." Pass the Maalox Patrick, and I think I lost feeling in my left leg<GG>!!! For the Options traders amongst us, How do I calculate the percent gain on this unit example. 1 Covered Call = 0.9375 profit 1 Naked Call = 1.125 profit 2 PUTs * 2.5 average buy, sold at 2.9375 = 0.4375 profit The way I calculated this trade on a unitized basis was 0.4375 + 0.4375 + 1.125 + 0.9375 = 2.9375 for a 120% return on a per dollar basis invested into the scenario. Andrew