VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (31413)	2/20/2001 2:37:08 PM
From: pinhi	Read Replies (3) of 65232

Tom, sold some puts today on a small scale. Sold the EXTR Mar 30s when the stock was at $32 for $4. I am now obligated to buy EXTR at $30, which could easily happen, but with the $4 premium, that would make my cost at $26. Then I could turn around and cover the new stock. Of course if the stock does not go to 30, I still keep the $4 premium. America, what a country. Any thoughts? Pinhi

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