Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: steve mamus who wrote (299)	12/28/1999 7:41:00 PM
From: taxman	Read Replies (1) \| Respond to of 8096

"Paying full retail of 500 for QCOM" if you do and stock goes to 1,000, you make 500 points. if you sell put you only take home the premium in such an event. in other words selling puts is a big risk for relatively little reward. as for possible 200 point decline--i agree. regards

To: steve mamus who wrote (299)	12/28/1999 7:41:00 PM
From: Jill	Respond to of 8096

Nobody's gonna scream at you...I appreciate your input and everybody on this board. It's been so great and it's only day #3. I will say one thing: I've sold Jan 350s and QCOm and no matter what I think I will close them out (buy them back) on Thursday. Yesterday I should have--at QCOMs high they were way down. I don't want to be exposed in January, since after a 4-1, a 40 point drop would mean I'd be put. I have enough calls to exercise if I choose. Yes, put selling is "risky" but on the other hand: you can reposition. Ed may pipe in if he wants but he taught me this well. On a down day if you don't want to be put and expiry is close, you can buy them back and sell further out. The premiums will be richer--costlier for the buy back but richer for the selling further out. You can reposition and wait out volatility. Any thots?