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Strategies & Market Trends : Options
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To: edamo who wrote (3108)2/17/2000 8:15:00 PM
From: steve mamus  Read Replies (3) of 8096
 
Agree.
With the exception of my monster selling calls on QCOM day of last earnings (sold 410 contracts and bought back all within 72 hours with a profit well into the 6 figures) I have gotten my butt kicked (loss about 1/4 of my profits on the QCOM tour de force) over the last 4 months every time I have sold calls. I am inherently disturbed by the idea of buying calls/LEAPS and at an emotional level I like selling puts the most.

Strategy:
1) Sell puts only on stocks I would own
2) I have now shifted most of my put sales to 01 or 02
3) I am choosing only very strong stocks SEBL, GLW, AMAT, BRCM, PMCS, CSCO, and more recently LU....I plan to do IMNX
in the AM. I like to pick stocks that are about to split preferably just before the split is announced. I am expecting a split on GLW at any time. In the AM I plan to sell more puts on GLW and will do IMNX for the first time.

By the way sports fans check my post from last Friday - stock picks of the week included GLW and WEBM. WEBM was +75 today. I sold my WEBM, this is beyond speculation. Suggested to this board to consider GLW 45 points ago as a perfect selling put candidate (SPC).

SPC list (IMHO)
1. GLW (0/2 strike 120)
2. SEBL (0/2 strike 80 this is my favorite play,100 contracts)
3. LU (0/1 strike 50)
4. CSCO (/02 strike 110) 5. DoK (any price)
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