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Non-Tech : The Critical Investing Workshop
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To: Dr. David Gleitman who wrote (12585)4/13/2000 12:03:00 AM
From: Jeffry K. Smith  Read Replies (1) of 35685
 
David,

The lesson I have learned from this recent market "action" (that's too light of a word to describe its sickening effect) is to buy stock/sell covered calls, buy puts somewhat below the strike price.

I have not done any math on figuring out where such puts should be bought, but if only I had done so, I would not be in the abominable situation I am now. I will certainly incorporate this into my next cc situation.

Good to see you.

Jeff Smith
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