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Politics : Formerly About Advanced Micro Devices

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To: Paul Engel who wrote (53234)3/22/1999 10:12:00 PM
From: Elmer  Read Replies (1) of 1582950
 
Re: "SCUMbria - Re: "How are those $135 INTC puts you sold doing?"

I bought them back and sold Intel $120s - further out - July - and cleared another profit on the transaction."

Paul, it amazes me that more people don't take advantage of PUTs. Like you, I write them on a routine basis. It's almost free money when you write them on Intel but it can be very profitable on other stocks as well. I almost never buy stock outright now. I just write puts. For example, why would anyone buy AMD now at 16 1/16 when they can write an April $15 PUT and get 9/16 for it?

EP
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