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


To: jjs_ynot who wrote (933)1/23/2000 11:16:00 PM
From: Tom K.  Respond to of 1235
 
...That's the beauty of staying OTM....

Actually, Dave, being short a PUT that is ITM at expiration has by definition intrinsic value that will have to be satisfied..... i.e., you'll get PUT the stock.

Except in special situations or with well understood strategies, I'd recommend selling only OTM PUTs.

Tom