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

To: edamo who wrote (5750)	3/29/2000 3:07:00 PM
From: Uncertain Walker	Read Replies (2) \| Respond to of 8096

ed, I thought about selling puts on my DELL, AOL, TYC. In fact I did sell TYC Apr. put which will be worthless. As for DELL, I want it to be called away for diversification. AOL is overbought. Sure enough, it's down much today. I agree with you on this strategy. After selling cc, if the underlying stock breaks out on the upside, I may sell put on the same strike and expiration. This way, I can still catch about 1/3 of premium of the original cc. However, this time, realizing my DELL and AOL will be called away in Apr., I used the anticipated capacity to write Apr. puts on LU (65), CNXT (70), and gblx (40). Got the idea on gblx from you and Jill. If I get those stocks, it serves the purpose of diversifying my port. I will then write cc on them in April. I have to say I love the volatility.