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Strategies & Market Trends : Selling Puts: Have Cash Will Travel -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (1133)	4/3/2000 12:50:00 PM
From: David Lind	Read Replies (1) \| Respond to of 1235

With the Nasdaq trashed, IMO there are sure a lot better puts to write in the next few days than MSFT. Where that stock will end up is anybody's guess.

To: jjs_ynot who wrote (1133)	4/3/2000 12:58:00 PM
From: rrufff	Respond to of 1235

I've had good luck writing MCOM puts. Of course, I've been long the stock since 5. But I have done a number of short puts. The stock is so volatile that you can capture huge premiums. This stock can swing 20% or more in a day. I'm currently working with summer options as their rollout will be coming along then. Again, it's a stock I don't mind if it gets put to me, but so far the premiums on this strategy have been huge.

To: jjs_ynot who wrote (1133)	4/3/2000 2:06:00 PM
From: OX	Read Replies (2) \| Respond to of 1235

I thot about it, but I bot shares instead at 91 11/16 in my IRA this morning w/ the intention of buying more if it gets to the high 80's. it just looked too good to pass up. wish me luck :-)

To: jjs_ynot who wrote (1133)	4/7/2000 1:57:00 PM
From: Robert T. Quasius	Read Replies (1) \| Respond to of 1235

Take a look at Conseco. CNC has nowhere to go but up from here. Even if GT was written off as a total loss, CNC is still worth more than $7-1/2 per share. This sell-off is way overblown! I increased my CNC position today with a synthetic long position. I sold Jan 02 $7-1/2 puts, and bought Jan 02 $10 calls with the premiums. I fully expect CNC to hit $20 by then, making my calls worth a lot of $$, and the puts I sold worthless. The stock would have to drop below $4-1/2 for my puts to drop below the break point. I don't think this will happen, but if it does CNC is an excellent buy.