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Non-Tech : The Critical Investing Workshop

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To: Jim Willie CB who wrote (7830)3/16/2000 6:28:00 PM
From: Voltaire  Read Replies (2) of 35685
 
Hi JW,

If you go the put route, your margin problem will be somewhat exacerbated.

I would sell leaps on the Q, that will give you the cash then buy some low priced options like July 180's to give you back a lot of the leverage you lost by selling the leaps, and if there is a big run you will do quite well. As your account appreciates SLOWLY buy back leaps with appreciative value and options appreciation, but the key is SLOWLY.

V
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