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Strategies & Market Trends : Tech Stock Options
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To: Tom Trader who wrote (27507)10/30/1997 4:30:00 PM
From: Sundar Rajan  Read Replies (1) of 58727
 
TT _ thanks for the tip on selling naked puts. Unfortunately I sold TXN Nov 120 puts when the stock was at 125. Got about 3 1/2 bucks and desperately hoping that TXN closes reasonably close or above 120 so that I can buy the puts back without a substantial loss.

Everything I've touched recently have turned out be disastrous - bought CPQ Jan 70, GE Jan 65 and BAC Jan 70 calls yesterday and look where they are today!.
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