Short-termSelling Puts (Covered Calls by another name) Message Board

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Strategies & Market Trends : Short-termSelling Puts (Covered Calls by another name)

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To: Rocky9 who wrote (2)	2/3/2006 10:46:28 PM
From: quidditch	of 66

Rocky, I haven't been as aggressive or had as wide a sweep as you, but have done the same with ELN 10s (a few months ago), AMLN 35s, and currently have Feb VRTX 35s, where I'm skirting with adding to a moderate VRTX position if I'm required to buy in two weeks. I also did this with Jan ARNA 15s. I think MNTA is a good idea here too. I had bought some, largely on rkrw's mention back in the fall and unloaded at 27 or so (gains and some losses where I became irrational), and bought back at $18.50 the last time it was there. The current price of $20 and change is as close as it has come since, so I'm tempted to take the risk of being added to a moderate position. Depending on how much one wants to add, this is a nice tactic in the firm BT market that has existed for the last 18 months, although I've used it mostly tactically to add some spending money. quid

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