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To: Poet who wrote (2051)2/1/2000 2:43:00 PM
From: Mark Peterson CPA  Read Replies (1) | Respond to of 8096
 
Poet, I don't usually play so close to the margins as you do (selling the Feb 100 puts for 2 1/2) unless I really want to own the stock.

Is that your intention?

Otherwise, consider looking further out. Say, the 2001 Jan 100's at 20 7/8 (still playing at the margin) or the 2001 Jan 70's for 8 (more likely just a premium play).

And maybe it's just me getting bored sittin' on my hands with not a lot to do today, but I'm thinkin' if I was you, I'd wait until after Greenspeak before selling puts just to avoid the jitters associated with a possible 50 basis point increase.

Yeah, I know, I'm sounding like an old risk averse investor these days. Maybe I'm gettin' too old for this put play excitement...

Actually, it's probably just the proposed February time frame on your trade...

Mark