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To: Venkie who wrote (83267)12/2/1998 11:31:00 AM
From: SecularBull  Respond to of 176387
 
~OT~ Exercised my RMBS Feb 50 calls this a.m. I've had such a huge surge in options valuations since October that the value of my options (in various stocks) was nearing 50% of my portfolio value. I see this move as a conservative hedge (not quite like buying puts or selling calls), but locking into equity rather than non-marginable, volatile options. I still hold RMBS Jan 2001 50s. I add this to my recently exercised CSCO (Nov 45s), and DELL.....

<VRG>

Regards,

LONG