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To: Richie who wrote (17621)	5/19/1999 1:03:00 PM
From: PAL	Read Replies (1) \| Respond to of 41369

Although there will be volatility this Friday, option expiration day, fortunately it is not triple wicthing day which occurs in Jan, Apr, Jun and Dec. Selling puts allows for a remedial action like rolling to further months. So, even if the put is in the money, you can just roll it to June or July or Oct on a lower strike price. You are right that there is a tendency for the stock close around a strike price on option expiration day. Nobody wants to confirm that there are forces influencing that, yet it is suspect. Good Luck investing Paul

To: Richie who wrote (17621)	5/19/1999 1:04:00 PM
From: Tunica Albuginea	Read Replies (2) \| Respond to of 41369

Richie, there was a rapid sell off after the conference. People had fixed ideas/expectations re: broadband /cable; all they got was a restatement of the known news. So short term traders are selling. Also options expiration doesn't help. Short termers are going to step on the side until Mon and then reassess. Summer slowdown coming. Fed wind not on your sails. Depending on degree of pull back this week we may get a relief rally Mon. MMs are in more control as summer approaches and trading/money flows decreases. I see trading range of 126-140, +/-5. Your thoughts? TA