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Technology Stocks : Lucent Technologies (LU)
LU 2.730-0.5%Nov 13 3:59 PM EST

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To: Georgeb who wrote (16456)9/28/2000 9:33:12 PM
From: Ian@SI  Read Replies (1) of 21876
 
George,

I've never written a covered PUT in my life, nor do I intend to start anytime soon.

I prefer naked PUTs which have their own drawbacks especially when the street doesn't share my bullish outlook. :-( And I'd be overjoyed if I was only short 72 contracts in each of my positions except for the one biotech that's currently about $50 out of the money and will expire worthless next month (Nov).

Point was: There is such a thing as a covered PUT. Period. No investment advice to anyone was, or is, intended.

ian.
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