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To: Ed Zhao who wrote (6427)6/17/1998 3:52:00 PM
From: Skeeter Bug  Respond to of 164684
 
xz, i think a chump eps report nails this punk down. expectations are much, much, much greater than reality...



To: Ed Zhao who wrote (6427)6/18/1998 9:51:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 

Why pay extra premium for Jan option. Buy July Options. Many people engaged in short
squeezing sell short term puts. I picked up July 65 put at 3 1/8 in the morning. Some
lucky guy got it at 2 1/2.


Good rule of thumb. Write near term naked puts. Buy long term puts. The premium will remain.

Glenn