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Strategies & Market Trends : Options
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To: Poet who wrote (787)1/7/2000 8:37:00 PM
From: Ritch   of 8096
 
Hi Poet!

I just started writing puts in November. I have sold three batches of puts on QCOM. Two for January expiration and one for April. I bought back one batch of January's and part of the second batch of Jan's. With the amount of Premium in QCOM puts, it has been very easy money. I have been selling Far OTM puts. The premiums have been great, but a lot of margin gets tied up. That's why I didn't write more during the past few days. I should have just paid what I needed to buy the old puts back, but I tried to get my price. Greed sometimes costs us! <gg>

I wanted to let the board know that I really appreciate the wealth of information that has been posted. I have learned much (even from the disagreements over what is risky and what is not). :o)

Thanks,

Ritch
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