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To: saket chadda who wrote (113361)3/30/1999 12:48:00 AM
From: Dr. David Gleitman  Read Replies (2) | Respond to of 176387
 
Dear Saket:

I currently own 120 contracts for the May 60's. My intention was never to exercise these options, but to trade them prior to expiration. Overall, I found that I have lost more money with options then have made money. It's time to hit the books and do some remedial options studies before engaging in any further options plays (with the exception of salvaging this position).

David