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To: Jill who wrote (2578)2/9/2000 1:34:00 PM
From: SecularBull  Read Replies (1) | Respond to of 8096
 
Jill, I've either just had a vision, or I've been smoking too much crack again! I just bought back into DELL!

50 Jan 2002 $35 calls (they just look so damn cheap!)

Giddy Regards,

LoF

PS. Thread, I'm not interested in insulting responses to this post. If you have something relevant to add, please feel free to post. Thank you.



To: Jill who wrote (2578)2/9/2000 1:41:00 PM
From: PAL  Read Replies (2) | Respond to of 8096
 
Jill:

Why do you want to buy a stock at a discount? Because it has runup that you want it to get it cheaper. Remember when QCOM running up to 200. You don't want to miss the train, you want to jump in, you don't want to wait, but you want it at a lower price. So you sell put hoping it is put to you and the premium is your discount.

You just violate the the first rule of selling put:

Do Not Sell Put When the stock is Overbought.

Paul


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