Jimmy's Option Pit and Undervalued Stocks Message Board

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Strategies & Market Trends : Jimmy's Option Pit and Undervalued Stocks

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To: Sam2482 who wrote (13)	5/18/1999 7:32:00 PM
From: jimmy	Read Replies (1) of 47

Hi Vicki, that's exactly what I do. I will actually wait a couple of days and let things cool down. most of the time the stock will go above the strike price and I can exit the position and sell next months options. LU is a excellent stock to sell puts, I haven't sold any LU. What I notice lately is that, it is wise to wait for the right time to sell puts, which is right after a tech wreck. Premiums are at a high, if the techs go back up after that, it is a good idea to take profits. Volatility is at a high right now, I got hurt a couple of times with CMGI by not closing my puts. good luck, jimmy

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