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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: waverider who wrote (4206)	10/14/1998 1:32:00 PM
From: SJS	Read Replies (2) \| Respond to of 14427

It's a complicated decision, but what I think helps is to model the option. See how much volatility is in it, and how much premium you want to pay. How convinced are you of a move, and it's magnitude. I am buying in the money options lately and paying less premium. Premiums are running high these days anyway, due to the inherent risk of late with this market. The premium rises and collapses quickly on most stock around their earnings date. This is the premium to sell (if hedged). Anyway, we're in a rally today. God know why. I've written some puts (for big premiums) and are getting a break to the winning side for now. Would like to see gold participate. LT, are you going be buying some more?