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To: H James Morris who wrote (13962)8/18/1998 6:41:00 PM
From: Jan Crawley  Respond to of 164684
 
hat's where all the money has been made. Not longs, shorts, boxes or unboxes. Its been a hedge option traders dream (since May).
If you controlled the stock then you'd control the options. Wouldn't you?


Am not trying to make the current Aug put holders hate me:

Aug option expires on this Friday! The rally will end or pause, and I will take the uncovered call profit.

Placing another Oct 145 contract and asking $14 premium for tomorrow.
But that is all the exposure I will have until I close them.