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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (29916)	7/17/1998 7:47:00 AM
From: valueminded	Read Replies (2) \| Respond to of 132070

Mike: I noticed you have CIena as a put candidate in your article. They must have seen it since it has rocketed up about 13$ in the past 2 days. Gtw has done well also. While I already own puts on Gtw, I am looking at Ciena. I noticed they are in a buyout by Tellabs. What does this do to the puts if you buy them. Are they converted to Tellabs puts ? I believe you liked Oct 70's on Ciena ?? Finally, I agree with you the low interest party is going to crash, one way or another. Thanks for the answers on the initial questions regarding the date and strikes for the 30yr bonds. You mentioned Dec. Is their any reason you didnt go farther out ? I would appreciate your reasoning behind choosing Dec over another date maybe further out. thanks again.