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 (1207)	9/27/2000 8:11:35 PM
From: David Lind	Read Replies (1) of 1235

Dave, I'm betting on real solid support of QQQ around 85 before it begins to rally. I think the fact that INTC tanked 25% and barely touched the NAZ is a very good sign. And given that the NAZ is down 10% this year, I'm also betting that this is a good time to be writing CCs and NPs on Q. For the past six months it has been a great ride with a solid trading range. The easiest money I've ever made. But alas, nothing lasts forever. Always another surprise around the corner, eh? I'm looking for a good balance to my writing on QQQ, since I don't want to put too many eggs in one basket. Any ideas on something solid to write on in a different sector or index? I'm attracted to some of the other Amex trusts or I-shares, but they haven't been around long enough to really get a fix on patterns and support levels. David

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