Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: David Lind who wrote (3533)	2/24/2000 3:10:00 PM
From: Poet	Read Replies (2) \| Respond to of 8096

David, Thank you for such well-crafted posts today. Little gems, they are. <g> I've been taking advantage of QCOM's weakness today by selling puts and using the proceeds to buy calls: sold QCOM July 130 puts at $21 (AUASF) sold QCOM July 140 puts at $27 (AUASH) bought QCOM July 100 calls at $46 3/4 (AAFGT)

To: David Lind who wrote (3533)	2/24/2000 8:31:00 PM
From: steve mamus	Respond to of 8096

Agree completely. I like long puts. With a strong stock you can pick a strike price 25-40% below the current trading price of a stock. With the premium tossed in often the put price is 50% the current face value of the common. This to me seems to be a very nice strategy to generate alot of free cash and control risk. I am currently using a large trading account with alot of options and alot of cash. I take aggressive large positions in common on frequent momentum plays esp with chip stocks. I day trade options to a small extent when stupid pullbacks occur eg. yesterday or the day before TQNT inexplicably dropped 30 points interday and I sold puts which I flipped in less then 48 hours at which time they were nearly worthless. The life expectancy of a stock in my trading portfolio is usually less then 14 days and as short as 2 minutes. DoK