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

To: Dealer who wrote (4309)	3/7/2000 8:28:00 AM
From: Jill	Read Replies (1) \| Respond to of 8096

Hi Dealer, u $ u life $ u decisions... I have not bought puts. RocketMan is very good at that, and Poet does it fairly often. You are wanting to hedge your bet? It seems then that you should buy puts when the stock is at a high (just like selling covered calls). Alternatively, you can simply wait for a retrace and then sell puts. If you think 65 is support, then if it retraces, you sell puts and when it bounces, you get to keep your premium. Whereas if you buy puts you are betting on a retrace that may not happen. I prefer selling puts as it's a chance to grab an opportunity, and it's still bullish.