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To: Knighty Tin who wrote (43826)	5/28/1999 2:10:00 PM
From: John Pitera	Read Replies (2) \| Respond to of 86076

Michael, with these option orders I would be putting in an ask on the dec 17.5 that I am writing and a bid on the DEC 15 that I am looking to buy, will your broker execute only if both sides ares filled or am I trying to finesse the side that does not get filled as fast, with NEM pretty sleepy, the bid asks don't look to be moving that quickly , at least until the POG has a prie move -g- holding the 1600 in money funds is the margin on the 2.5 $ gap that is the potential loss if nem is at 15 at expiration...the point of maximum loss, I pay out 2.5 on the dec 17.5 and collect nothing on the dec 15 puts. So If I were to write 10 of these the margin is 16000? of course I am getting 1.06 in the upfront writing. John