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Technology Stocks : Siebel Systems (SEBL) - strong buy?

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To: Delfino R Zavala who wrote (4601)3/8/2001 1:06:13 AM
From: Uncle Frank  Read Replies (2) of 6974
 
>> I am new to writing put options, but what is your strategy if...

Del, the strategy John was alluding to is called buy-write. It consists of buying a stock, and then writing (as in selling) calls, not puts. I'd caution you to study the mechanics of this tactic carefully before you attempt it, as there are associated risks that you should understand first. Paper trading for a few cycles at a minimum would be prudent.

Regards,
uf
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