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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: Ritch who wrote (2837)	2/13/2000 1:36:00 AM
From: lurqer	Read Replies (1) \| Respond to of 8096

Having the underlying stock in your account does not protect anything if you are selling naked puts. Precisely. Selling a put "protects" you only if you are short the stock. And even if you are short and want "protection", perhaps you should consider buying calls. I used the quotes around protection because this is not the way I use options - even though it's a standard presentation. lurking... lurqer

To: Ritch who wrote (2837)	2/14/2000 9:33:00 AM
From: Duncan J Horn	Respond to of 8096

Ritch & tranzz Here is the reply that DLJDirect sent to me as per my request to sell puts. Ritch DLJ must be giving you special preference. Subject: SELLING PUTS Date: Mon, 14 Feb 2000 09:20:31 -0500 (EST) From: dljdirect@mail.dljdirect.com Dear Mr. Horn, Thank you for your message. We have no plans to offer put writing in the near future. We apologize for any inconvenience. If there is anything else you will need or if you have further questions, please feel free to write back. Sincerely, Yancy Yohannan DLJdirect Inc. Member SIPC, Member NASD.