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To: smolejv@gmx.net who wrote (5194)	1/24/1999 6:44:00 AM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 11051

Correction on convered puts, there's something like this "...a little-used strategy that appears to be inferior to naked-call writing" - quoting from L.G.McMillan Options as a strategic investment p 281 MG: Have no idea why DJ would initiate a covered PUT, though -? a) the "covered" just slipped in and b) i cant short anything - in Germany you need extra humbug to have rights to do that and I did not go for that - and c) selling puts to the public is just not a bad idea at all in case of SAP - with the earnings report looming next week and everybody talking this stock down. And then the public erupts in a discussion over something that was actually a slip of the keyboard. Splits my sides. regards dj