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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?

To: David Lind who wrote (780)	1/3/2000 10:10:00 PM
From: Elmer	Read Replies (1) \| Respond to of 1235

Re: "Elmer, those are all way OTM. You should be sleeping well at night. Have you held them long, or is that your style on opening the position?" Yes they're well OTM now but they weren't when I wrote them. Re: "Thanks for posting your selects. What's your strategy, if you don't mind sharing it with us?" It is surprisingly similar to Tom K's. I guess great minds think alike. The only real difference is that I look to let everything expire worthless rather than closing them out when ever possible and Tom uses TA indicators while I have been looking at my own list of stocks and then sticking my finger in the air. I think I will follow Tom's lead and make a science out of this. It's easy to be an investing genius when everything is going up. The test will be when the worm turns. Cheers EP