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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: John Rowton who wrote (2657)	9/6/1998 5:07:00 PM
From: Dnorman	Read Replies (1) \| Respond to of 18998

John: Your question makes sense to me as I have asked the same thing on other stocks with no response. I would look into where you think the market and the stock is going from here. If you feel with conviction that it is down and the calls are rich in premium you might consider writing naked calls and pocketing the premium! Dennis

To: John Rowton who wrote (2657)	9/7/1998 10:46:00 AM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 18998

John, I'm not sure which option prices you're looking at; I'm looking at this page: cboe.pcquote.com Oct 20 calls closed at 4 1/4, Oct 20 puts at 4 5/8. Stock price is exactly 20 right now, so the puts have the higher premium. Also, the total open interest in Oct 25 calls isn't even 800, so I don't know when someone could have bought that many. They sure didn't exercise them. But which one of their options was sitting at 1/4? Now I'm really confused.