Enron Mail

From:john.arnold@enron.com
To:michael.gapinski@ubspainewebber.com
Subject:RE: Receipt of Hedge Fund Information
Cc:
Bcc:
Date:Wed, 25 Apr 2001 12:08:00 -0700 (PDT)

may be looking to sell some naked calls soon. can you check that i would be
approved to sell 200 of either 65 or 70's expiring somewhere between jul-jan.
also, if i sell naked calls with a tenor of more than one year that expire
worthless, do the gains get counted as LT cap gains?