|
|
Enron Mail |
Michael:
Appreciate the idea. However, with my natural long, I'm not looking to really trade around the position. I believe ENE will continue to be range bound, but in case it is not, I don't want to forgo 50% of my option premium. I have price targets of where I would like to lighten up exposure to ENE and will use calls to implement the stategy. To that regards, I noticed I was not approved to sell naked calls. I would like that ability in order to hedge some exposure I have of unexercised vested options. Please look into that for me. John. "Michael Gapinski" <michael.gapinski@painewebber.com< on 02/20/2001 06:28:27 PM To: "'Arnold, John'" <john.arnold@enron.com< cc: Subject: Buying back calls John - I was looking at the recent pullback in ENE and thinking it might be an opportunity to buy back the calls you sold. Of course, you would then be in a position to sell calls again if the stock makes a bounce. I'm not sure that ENE @ 75 is the place, but maybe @ 73. Call me if you're interested. Michael Gapinski Account Vice President Emery Financial Group PaineWebber, Inc. 713-654-0365 800-553-3119 x365 Fax: 713-654-1281 Cell: 281-435-0295 Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your PaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by PaineWebber and PaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: PaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees.
|