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Strategies & Market Trends : Options
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To: Jill who wrote (6800)4/21/2000 8:10:00 PM
From: pompsander  Read Replies (1) of 8096
 
Hi Jill: Well, after about twelve months of selling selected atm or itm puts, I for the first time have some stock being put to me. I am amazed I lasted this long! On Monday I will be the proud owner of 400 shares of CREE at a cost of 130. Hey, I like the stock long term and we all live by that rule when selling puts, don't we?

I was worried for a little while about my CSCO 57.50s and EMC 120s, but both stocks rallied nicely into expiration and allowed me to keep my premium. I again sold the CSCO May 57.50s and the June EMC 120s. Fewer contracts this time, though, as that is just about as much potential risk as I want to take until things settle out. Those two warhorses should hold up.

I have enjoyed the discussion the past few days as the options market has become "two-edged", just as it should be in the real world. We learn as we go.

Pomp
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