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Technology Stocks : Winstar Comm. (WCII)

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To: PeterBurgess who wrote (5373)4/22/1998 3:52:00 PM
From: Steven Bowen  Read Replies (2) of 12468
 
"I bought some more shares and sold some naked May 35 puts."

I really like the selling naked puts strategy here, although I'm taking much more bullish positions, such as selling the July 45's. It makes the dips much easier to take, and the $10 a share premium sets in my account earning interest rather that me paying margin interest and worrying about margin calls. Any appreciation from here to 45 between now and July is mine, plus I like the declining time value working for me instead of against me.
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