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Tex

12/11/07 2:05 PM

#75579 RE: KCMW #75573

re OTM 195ccs

Yeah, that hurts. A few years ago I had every share called from me that way, though I forget the exact price. Had to re-enter.

I've been making money on naked puts (!) and long calls. When I do write ccs, it's short-dated. The risk of intervening material price movers just doesn't let me go far out.

Hopefully you've got some left :-)

Take care,
--Tex.