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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: niceguy767 who wrote (108158)	4/27/2000 10:40:00 PM
From: Richard Wang	Read Replies (2) \| Respond to of 1570341

Re: Selling puts is almost a gimme on AMD but it just ties up too darn much margin for my liking! Nice, Petz, Selling naked puts does tie up much margin. I maximize premium collection by selling in-the-money, sometimes way-in-the-money puts. Collecting up to $10 and more per share or $1000 per contract, and seeing them expiring worthless can be very satisfying and rewarding. I generally sell puts after the stock pulls back a few or more points, thus increasing the premium. Also I sell puts only for the immediate expiration date, thus making money every month. With AMD going up leaps and bounds, keeping the premium money is like what you said, a "gimme." Richard