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

To: Dan Duchardt who wrote (788)	1/4/2000 9:42:00 PM
From: OX	Respond to of 1235

I haven't started looking at Feb prems yet. I usually put one batch on about a month to expiry. Then another batch about 2wks to X. (JAN00 prems were so good in Dec, I don't even have to put on anymore and I am way OTM) You have to look at stocks that are in the $100 or more range. The more volatile the better, but ok, forget what I said about being comfortable owning the underlying... you have to want to own these stocks. It's easy to find w/ nut stocks like YHOO, AMZN, CMGI. QCOM... do I need to point that one out :-) But here are some 'staple' stocks: ORCL, MOT, NT, AAPL IMO, not only is the underlying important, but writing puts are appropriate under the right circumstances... what is that saying about when one owns a hammer, everything starts to look like a nail... well, NPuts is a great tool, but only in the right situations... if one starts treating everything like a nail, one might well become one :-)