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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: John D. White who wrote (251)	10/18/1998 3:46:00 PM
From: John D. White	Respond to of 48092

opps. Short Oct 20 calls that is. (deep in the money) The thing is that if you hold the stock, you can sell and cover every four or five days and make points on the volatility. sell when volatility is high and cover when it calms down. If you do both puts and calls you have a "strangle". A close on the strike (on expiration day) and you win both sides, keep your stock, and get to do it all over again. You wait for the volatility to jump then leg one side in. The key is not outsmarting yourself. Just play the odds which are in your favor if you don't get too excited.