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

To: steve mamus who wrote (5331)	3/21/2000 9:58:00 AM
From: the options strategist	Read Replies (2) \| Respond to of 8096

DoK,Agreed, it is risky to go naked puts in a small acct. However, this was merely pointing out what one can do if they desire to. It is not up to me to tell people what they should and should not do. The risk factor is always mentioned when I am working with someone. One should always want to own the stock when they go naked and since this person wanted to own egrp for cover calling, working with a relatively non-volatile and low cost stock was a way to either get it or the cash flow while learning the process. The trader should always be aware of cutting loses (in this case if egrp went belo her cut lose pt) which I think was $23 before it reached the designated time, etc. I frankly do not advocate anyone trading aggressively with a small account but many people that I meet want to try it. Since I think selling puts is comperable (sp) to cc, I think the main key (as with any trade) is having a plan and knowing when to exit when they enter. Thanks for the feedback. jj