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Non-Tech : Invest / LTD
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To: bw who wrote (7499)2/19/1999 10:47:00 AM
From: Thean  Read Replies (2) of 14427
 
bw,
"Bottom feeders are under great pressure" ! <g>

Try SEV. <GG>

Pete - sorry my Pete's pun did not help you today. I would not be too concerned about the Aug expiration. If RIG is $15 at that point, sell another 30 put contract 6 months out. The worst case scenario is you do this 10 times and eventually you will come out a winner. "It's the price of oil, stupid" works both ways and is a time tested concept. The advantage of selling put is you don't have to park your money there while waiting. The catch is your buying power will be reduced by the $30 x # share, but your cash earns interest while you wait and you can use that put proceeds anyway you want. If you have excess cash lying around and don't fully invest in stock at all time, this is a perfect tool to bottom fish.
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