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Strategies & Market Trends : The Options Box

QQQ 616.28

+1.4%

Jan 21 4:00 PM EST

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To: Poet who wrote (9490)	2/9/2001 8:29:22 AM
From: bobkansas	Read Replies (1) of 10876

I have been reading Max Ansbacher's fourth edition "The New Options Market". Very well thought out and not difficult to understand for an option related book. All he does is sell naked calls and naked puts to gain time delay of the premium. Makes sense to me that one could sell naked puts on stocks you like when they have already spent time in the bottoming process. One could also sale [almost]naked calls (use a contin. buy order for the stock at some level above the sold strike price-so not doing this on margin) on stocks that you like that are topping off and starting the process of rolling over. QCOM is an example imo as it will be difficult for it to got over the 90 to 100 area of res. Any thoughts on the above? Sounds too simple and more difficult to actually do in practice. My idea would be to have suff. cash reserve to cover and thus not run the risks assoc. with margin at all. Bob

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