Selling Puts: Have Cash Will Travel Message Board

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

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To: jjs_ynot who wrote (911)	1/23/2000 9:41:00 PM
From: Tom K.	Read Replies (1) of 1235

...A precipitous decline would be difficlut to overcome with rolling forward and down.... Dave, I'm not sure I agree. I had two recent cases of "precipitous declines". I had PUTs on TYCO when it died in October. I like the stock so I allowed it to be PUT to me and I have been selling CALLs against it each month. I am expecting to be out for a profit by next month. The second case is LUCENT for which I have Feb PUTs at 65 and which recently tanked to 50. I like this one as well and as we get close to expiration, I'll decide to either take it and sell CALLs or roll it out. I don't find this dangerous or fearful at all..... but, that's my opinion. Remember the most important factor in using a short PUT strategy.... you must like the underlying stock. Tom

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