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To: Judy who wrote (22214)12/29/1998 6:18:00 PM
From: Chuck Molinary  Read Replies (1) | Respond to of 50167
 
Judy,
<<Take the DIS loss, in 31 days it should not be higher than 35 max and company is likely to suffer earnings jitters for 4Q. No big deal, downside risk 25.>>

I've been wrestling with the same question; taxman is starting to growl...

What's your opinion of selling a long position for a loss and simultaneously selling Jan/Feb/Mar 30 or 35 puts for re-entry?

Thanks,
Chuck