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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 (870)1/22/2000 11:10:00 AM
From: OX  Read Replies (2) | Respond to of 1235
 
>>> 1pt/wk

it is per option sold... for me to sell a feb00 put now, I want roughly 3-4pts in prem. On a $100 stock, I'll take 1 or 2 strikes OTM which is 90 or 95. it's just a rule-of-thumb.
I will do ITM too under the right conditions.
Here's one I've been looking at... MSFT Feb100P 3.5bid
.33 delta
50% IV
HV(20) 45%
want to own it at 96.5
looks good to me.