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Author: admiraltroll Big gold star, 5000 posts Feste Award Winner! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 10413  
Subject: Re: Stock Options Date: 5/28/2003 5:28 PM
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Hi Jeff,

Just so others can see I've linked the post where I announced the closing of the position http://boards.fool.com/Message.asp?mid=18952194

and here's the relevant paragraph explaining why I closed it:
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All MO option postions closed this a.m. Prices exactly as yesterday's post. I did not think that there was much upside left and in any case with these positions closed we have the opportunity to write the options again. With them open I would not take the risk of writing more options.
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That is I would not have risked writing more naked puts with the existing positions still open

Regards
Philip
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