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To: KeepItSimple who wrote (35068)1/15/1999 12:56:00 PM
From: Keith A Walker  Respond to of 164684
 
KeepItSimple: I believe you mean uncovered puts - with the stocks dropping, uncovered calls are free money. While the stocks are going to the stratosphere, you may suffer infinite losses. I know, I had an uncovered call on Yahoo! and took it in the shorts.