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To: AmericanDane who wrote (14049)9/30/1998 6:59:00 PM
From: SouthFloridaGuy  Read Replies (1) | Respond to of 27307
 
<<My plan is to add one more just BEFORE earnings. >>

I'm sorry, but do you understand volatality analysis and time premium in options?

The marketmakers can and will keep the price of the options high until earnings. You're better off buying the puts right after earnings as the "news" is out and the options will re-priced.

Buying open options on a stock like this is utterly ridiculous.
Doing it in the wake of an earnings report is even more stupid.

You'll be better off buying the calls and selling them right before earnings -- simply based on the way options are priced.

Nevertheless, good luck.