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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (93259)	12/2/1999 1:33:00 AM
From: nihil	Read Replies (1) \| Respond to of 186894

A alert 75 put seller who wanted to buy the stock at 73 would buy the stock when it fell to 70 (or 73). Sell a call at 75, and end up with the stock at <75, put the premia in his pocket and hold the stock at <73 net if the stock was less than 75 at expiration. (of course, he might want to cover the short put anyway. If the stock shot up he could cover his call at close to 75 (maybe even make a little on the trade as time premium decayed to zero) pocket the put premium and hold the stock at close to 73. I think there must be simpler, less tiring ways to make money. I just own CMGI and QCOM and sell enough of them to make my daily walking around money as they go up, buy them back when they go down (and stay at home until they go up again.) When my margin gets skimpy, I just subscribe to a new credit card and transfer my broker's balance to the 0.0% credit card. So far so good, as the building jumper said passing the 20th floor.