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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (26420)	5/21/1999 5:21:00 PM
From: Judy	Read Replies (1) \| Respond to of 50167

If a short straddle on an internet stock would overly concern me, I would not put one on. I'd collect sufficient prems to warrant the risk/reward and will leg in and out into a combo or strangle if the price action so warrants. Besides I am long investment shares so my upside risk is covered. However, I would be pissed if I let the shares get called away. Why give up 38-40 percent of my profits on the shares to the IRS just cuz an options trade messed up? Do you do short straddles?