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Strategies & Market Trends : Selling Puts: Have Cash Will Travel

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To: the options strategist who wrote (739)12/7/1999 4:26:00 PM
From: Cesare J Marini  Read Replies (1) of 1235
 
JJ,

I usually write OTM puts for just this reason -- ITM puts tend to stay pretty close to whatever the intrinsic value is.

I heard an old saying once -- "sell time value, buy intrinsic value." It's pretty much true.
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