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To: Mephisto who wrote (16845)	6/2/1999 11:04:00 PM
From: Haim R. Branisteanu	Respond to of 64865

*OT* Mephisto I try not to buy but to sell option including "naked calls" is the same as shorting a stock at a higher price with limited upside(the call price)or or "naked puts" going long a stock at a lower price. Try to close on or before expiration day or wen ever I hit my profit target. My rule is cut short losses and do not get greedy, there is always another day. Today the discussion on SUNW tread regarding option trades reflected that. Event that I was sorry for closing SUQRK at 2 1/8 the option closed at 1 3/4 to 2. The rule is Cash your targeted profit. It works for me. Haim