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To: OtherChap who wrote (16575)	9/10/1998 8:45:00 AM
From: Oeconomicus	Respond to of 164684

You have to remember all the options brokers that will do anything in their power ... OC, you are assuming these "brokers" are heavily writing naked puts. If you find out who they are, let us know so we can short their firms' stocks. Seriously, someone has to have written them, right? Sure, but most are likely written as part of an arbitrage strategy designed to soak up the huge time premiums without taking market risk on the stock or are covered puts written by shorts (partly to reduce risk, but also to soak up big premiums). Just a thought. I just don't go for this "max pain" theory, at least not enough to overcome real supply/demand imbalances. If too many holders want out, naked put writers aren't going to stop the fall, much less reverse it. Regards, Bob