Options Message Board - Msg: 12401672

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Strategies & Market Trends : Options

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To: taxman who wrote (292)	12/28/1999 7:26:00 PM
From: steve mamus	Read Replies (2) of 8096

Selling puts have definite risk. Sample positions. strike expiration GCBRH CMGI 140 (6/00) XVRBB VRSN 110 (6/00) EUGRY ICGE 87 AAFSF QCOM 330 (7/00) As far as I am concerned if these stocks hit the strike price great. The lower price plus the premium make these look attractive to me. Paying full retail of 500 for QCOM, 170+ for VRSN, 170+ for ICGE , 270+ for CMGI. Which do you think is more attractive? Which play is more risky? Remember when the internets last really got slammed 50%+ decline was average. When QCOM goes up 49 points in 90 minutes it sure could go down 200+ points in a market correction from current levels. I know this is not a popular opinion but I definitely believe it is true. Before everyone starts screaming at me I would like to point out that I own a huge position in QCOM and also have 400+ active contracts on the stock.

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