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

To: Jerry Olson who wrote (1068)	1/26/2000 11:49:00 PM
From: Tom K.	Read Replies (1) \| Respond to of 1235

...what's the diff how we make money..if it works for me??? the people that come here and beef about this type trading haven't got a clue??? they are simply novice's... Well said Jerry..... lot of novices that need their 15 minutes on the stage..... I'm off to Vegas to watch the Super Bowl... have fun. Tom

To: Jerry Olson who wrote (1068)	1/26/2000 11:55:00 PM
From: taxman	Read Replies (1) \| Respond to of 1235

thanks. good advice. i'll hold the stock, dump my puts. regards

To: Jerry Olson who wrote (1068)	1/27/2000 2:49:00 AM
From: miklosh	Read Replies (1) \| Respond to of 1235

OJ...novice options question.. <might sell the Y2001-2 Naked Leap on DELL...deep in the money like the 45's...maybe the 50's..think DELL might be 50 in year or two???> You write deep in the money puts, as opposed to buying out of the money calls on the stock, because you get to collect the premium NOW and put it to work immediately and get the double whammy effect of making bucks on the premium, plus whatever returns you get investing (leveraged no doubt<g>) the premium? Stock goes to the moon, you buy back the puts for pennies before expiration and it's a "fait a complete". Do I have it right? Hey how about writing naked puts and using the income to buy calls on the same stock... talk about leverage btw,with bonds set to fly, you like SCH now? bot me some last week. best regards Miklosh ps: just ordered my copy of TD's pnf book. can't wait to start playing with all them x's and o's :)