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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: taxman who wrote (51324)	11/22/1999 3:00:00 AM
From: RoseCampion	Respond to of 152472

"two month's gain of $70K" - aren't you being a bit premature here? Well, yes and no. I wasn't making some sort of prediction that that was a slam-dunk (I'm actually seeming to myself like a veritable bear compared to the crowd consensus here lately), even though I think it's more likely than not. But for the purposes of that particular discussion of short put margin requirements, I was leaving out the implicit assumption on the part of the put seller that "I'm writing a put at this strike because I strongly believe the stock will be above it by expiration." The lesson was about whether the writer could do it, given available margin, not whether he/she should do it. It would certainly have been more circumspect to have said, "not bad for a $70K gain in two months time if your pricing assumptions are proved correct". Thanks for keeping me honest, in any case. -Rose-