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Technology Stocks : OnSale Inc.
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To: LaShark who wrote (3008)12/31/1998 10:45:00 AM
From: PAL  Read Replies (2) of 4903
 
So if you are selling puts, are you betting the
stock will go up?

Chris:

The basic concept of option is: buying call is bullish and buying put is bearish. The reverse holds.
Selling Jan40 puts on ONSL is bullish because you expect the stock will not come that low between now and X-piry date, so that you keep the premium. Even if that comes down below 40, and you are assigned, you think the stock is worth more than 40 minus premium.

Your statement is 100% correct.

Paul
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