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Elmer Phud

01/20/04 12:42 AM

#23762 RE: HailMary #23760

HailMary -

Are you still writing puts on AMD or taking a breather now that it is in a higher trading range?

I'm short the April $15 Puts and April $20 CCs. I may write some more Puts here if earnings are disappointing.

Just had a bunch of Jan Puts expire worthless, the best kind.

GE, HPQ, INTC, EMC.

Feb I'm short:

EMC $14 Calls
INTC $35 Calls
QQQ $33 Puts
SCH $12.5 Puts
ORCL $14 Puts

I'm getting very enamored by good companies with earnings and cash selling in the $10-$20 range. EMC, and ORCL are perfect candidates. I'm writing heavily (well for me anyway) and acquiring.