Options 201: Beyond Obi-Wan-Kenobe Message Board

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Strategies & Market Trends : Options 201: Beyond Obi-Wan-Kenobe

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To: edamo who wrote (46)	8/14/2001 6:45:23 PM
From: alanrs	Read Replies (1) of 1064

Re selling puts This is all still quite new to me, and I spent 4 hours this weekend trying to find a way to make a diagonal work, and posted what I felt would be a reasonable position in NTAP. Then, late Sunday night, just for fun, I put in the sell a put, sell a call situation and came up with almost the same pay-off diagram, only slightly better, so I entered those orders on a limit, GTC basis instead. Today I sold 2 Jan 04 7.50 Puts for $2.33 net. Still looking to sell the March 02 20 Calls. I've spent 13 months selling calls, and 1 month setting up a few ratio back spreads and now a couple of Put sales. I think I understand these, and I especially like the cash in the pocket up front aspect of all of them. After all the notes and numbers and graphs from this weekend, I think I'll leave some of that other stuff alone until I'm a little older. I have to admit my head was swimming there for a while. ARS

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