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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 259.39+1.2%10:48 AM EST
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To: Sam Citron who wrote (9927)5/21/2004 4:02:01 AM
From: robert b furman  Read Replies (1) of 25522
 
Hi Sam,

I have been selling puts on Oracle for several years now.

I orginally Bought Oracle in 01 @15.

Over the course of time I sold some puts and been able to keep the money and had some stock put to me in the 10.50 - 11.00 range.

As I've had a gain I've sold off my highest priced Oracle and offset the gain in other stocks.

I now have 25,000 shares at an average of 12.96.I have sold (50) Jan,2005 12.50's @ 1.60.So this approach has enabled me to work my adjusted cost down by a little over two points.

No bragging n fact had I not screwed up and payed too much lang ago I never would have learned about this put selling approach.

Now I like it so much I'm doing it on Cohu and KVHI as well.

It allows one to buy stock at good net prices and helps reduce margin - unless you get the stock.gg

Then it keeps me conservative because I know I always have that purchasing power obligation out there in time.

The Peoplesoft merger has delayed Oracle's price rise relatively and that has served as a gift to sell more puts on a basing/bottoming stock.If you sell out far enough(maximizing time premium) the premium can be a 10%-13% discount to where the price is.

Just another way of lowballing a stock.

Bob

I agree with the three helping approach - use it as well.

All stops are mental and I usually tough them out.
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