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Technology Stocks : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Elmer Flugum who wrote (12312)	4/27/1999 9:44:00 PM
From: schlep	Read Replies (1) \| Respond to of 12559

options on Fore i spoke to my broker this afternoon, here are some specifics on how some options would be handled. PUTS - you would need to keep the usual cash in the account to cover nake puts. the requirement would stay in effect until experation. i was thinking of selling Jan'00 30 puts for about 7/8s until i realized 50 contracts would require $25K cash set aside (less the nearly $5k premium). CALLS - all calls would be closed at then end of the stock trading. You could sell (from memory) i believe JUN 35s for about 1/8 now getting full price and 1/8 premium. Stock would sit in account until stock trading halted. Of course, if bidding war breaks out (tlab), you would not reap upside movement. schlep