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To: Ibexx who wrote (69496)	12/6/1998 1:09:00 AM
From: Elmer	Respond to of 186894

Re: "I am short Feb 85, 90 puts; long 2001 Jan 90 calls. (Way out-of-money when I bought them, but now in-the-money already)" Ibexx, I wrote May 55s & 65s Puts. It's like taking candy from a baby. EP

To: Ibexx who wrote (69496)	12/6/1998 3:13:00 AM
From: Barry Grossman	Read Replies (1) \| Respond to of 186894

Ibexx, OTOTOT: Options Currently, I'm long INTC calls - Jan 75's, 85's, 90's and INTC July 110's (bought this Monday), CSCO Jan 40 calls and DELL 2001 Jan 75 calls. My RMBS calls were Nov 45's, 55's, 60's, 65's & 70's. RMBS's big moves came right after they expired. INTC at 120-125 by 1/5/99 would please me a lot. Very possible too, I think. 140-150 by July also would make me smile very broadly. It may happen. Barry