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To: Jerry Olson who wrote (4505)	1/31/1999 4:37:00 PM
From: Rich1	Read Replies (1) \| Respond to of 19700

Could do both on a selloff buy naked puts and buy lower priced call back. I would take $183 for the stock right now wouldn't you? Sold June RMBS 100 for $12 and change going buy Feb $80's tomorrow

To: Jerry Olson who wrote (4505)	2/1/1999 3:40:00 AM
From: B. A. Marlow	Respond to of 19700

Good strategy, Options Jerry. Have done it on blue chip Nets. Volatile, but rewarding. And don't fool with options if you don't do your homework, folks. They're not a piggy bank, they're a "game." If you just jump in, you'll absolutely lose money and risk margin calls. Promise. Takes study and discipline. Read McMillan, "Options as a Strategic Investment." Paper trade first. Understand the financial implications of options dynamics on your account balances (even most brokers don't get it). And don't quit your day job... Right, Jerry? BAM