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.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Thean who wrote (12760)	3/30/2000 7:28:00 PM
From: SJS	Read Replies (1) \| Respond to of 14427

Hi Thean. I was going to ping you on the put selling. I guess that a few of those puts are underwater now, eh? Are you rolling them, or taking delivery? You're right, for the non-faint-of-heart, put selling is "at a ripe time....." - for a bullish view. However, getting back to our discussion of "buffers", I would endeavour to NOT be mega-agressive on selling IM puts without protection, but I would sell OM (Out of the Money) puts without it. Being first back into the water after a shark attack is risky! I can't imagine how much pain there will be if we go down to 3800. There will be real bad pukin', which will make this drop look like a walk in the park. A drop, even to 4100, would be a very deep "muscle" cut, generating huge numbers of margin calls. Thoughts? Steve PS: BTW, I was browsing back here and remembered our discussion about me banking some profits. That decision saved me quite a bit of dough, although you can't help bleeding if you've got ANY NAZ stocks..... Message 13252905