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Technology Stocks : IBM
IBM 308.71-0.2%3:59 PM EST

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To: David who wrote (6951)11/2/2000 6:58:20 AM
From: Arrow Hd.   of 8218
 
David, I think you would sell Calls (writing a Call) if you were expecting a downturn not Puts. Anyway, I buy Puts (not write Puts) to protect a long position when the potential for a bad downturn exists. But I do not do this often and there are far more astute option players who visit this board than me so I would ask that one of them answer in more detail. Thanks in advance.
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