RE: [RT] option update

["Gary Funck" <gary@xxxxxxxxxxxx>]

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style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #800080 2px solid">
  <FONT face=Tahoma 
  size=2>-----Original Message-----From: profitok 
  [mailto:profitok@xxxxxxxxxxxxx]Sent: Monday, April 08, 2002 7:31 
  AMTo: realtraders@xxxxxxxxxxxxxxxCc: 
  gannsghost@xxxxxxxxxxxxxxxSubject: [RT] option 
  update
  good morning
   
  I sold 175 of the  Qavpe  April 32 
  puts   to open at  .20
  bought 25 of the lriai at 6  
  bought to close 175 qqqfj  at 1.15
  will calculate   closed positions  profit 
  later
  <FONT face=Arial 
  color=#800080> 
In your March 
25 note:
 

  > From: profitok
  > Sent: Monday, March 25, 2002 10:03 
  PM
  long 175 IRIAI total cost $144000 current 
  value $$133000
  long 175 QAVPH cost $25625 current value $ 
  11375
  short 175 QQQEJ sold $44875 current profit 
  $16000
  have order to buy back to close@ 
  1.35(qqqej)<FONT color=#800080 
  size=3> 
  <SPAN 
  class=974230900-09042002> 
<SPAN 
class=974230900-09042002>you didn't mention qqqfj's - 
are those new, or did you mean qqqej? If QQQEJ, then it looks like the high for 
the day was $1.05, which makes $1.15 a pretty good price. <g> The QQQEJ's 
are May 36c's and the QQQFJ are June 36c's.
<SPAN 
class=974230900-09042002> 
<SPAN 
class=974230900-09042002>Also, above, it looks like you're selling April puts to 
open (they expire in 9 trading days). Is this a departure from your LEAPS based 
covered call (spread) strategy with (long) put protection, or simply  an 
expiration-related opportunity?
<SPAN 
class=974230900-09042002> 
<SPAN 
class=974230900-09042002>(nice fill on the LRIAI's (Jan-04 35c) - that's the low 
of the day.)
<SPAN 
class=974230900-09042002> 
<FONT 
color=#800080> 






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