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To: Jerry Olson who wrote (13734)1/21/1999 3:00:00 PM
From: Alok Sinha  Read Replies (1) | Respond to of 64865
 
Do you think I should buy back the naked puts before close or hold till tomorrow. The way the stock is coming back, I am not sure if it will have any momentum left after earnings. Also the options volatility also die quite a bit once the news is out.

Alok



To: Jerry Olson who wrote (13734)1/21/1999 3:27:00 PM
From: hoyasaxa  Read Replies (2) | Respond to of 64865
 
selling naked puts so close to current price is nuts! if there is major external disaster (re: brazil, china, clinton) or sun disappoints or people just sell it anyway (selling on the news...) then you're screwed! Newvertheless, you can make money- as long as none of above occurs over next month (or before you close position)