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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 164.29+2.3%Dec 15 3:59 PM EST

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To: Mr. Sunshine who wrote (9317)1/18/2001 2:20:56 PM
From: sergio   of 10921
 
Sorry to anyone if I missed discussing the risk. Yes risk is a major concern and this put writing strategy is not recommended for just anybody. Also I myself would not do any naked put on an index plain and simple as the risk is too great. What I was alluding to earlier is for the stock I want to accumulate long term like CSCO and I dont mind getting PUT at 22 1/2. Last year I got PUT once on CYMI and just got even as of yesterday at 35. Along the way I sold calls againts it, therefore TDW earned more commish on me. Thanks for reminding me and
others about risk.

Ian: Yes I was able to upgrade my trading level at TDW to allow naked put, but only for the stocks I would like to
be put to me. My only gripe with TDW is slow platform and still pricey commision, but I can't have everything I guess. :)

serg
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