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.

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

To: SecularBull who wrote (182)	5/11/2000 10:23:00 AM
From: Poet	Read Replies (1) \| Respond to of 10876

You have impeccable timing, Loffy. <g> FWIW, I sold NTAP May 65 naked puts today (NULQM) at $6 3/4. I'd sold my NTAP common into the pop yesterday morning at 65 1/2 and want to start collecting it again. I sold ITM puts, not minding if I get put. Here's the math: Sell 1 NTAP May 65 put for $6 3/4, so collect $675 per contract sold. If NTAP>$65 by May options expiry, I keep the $675 per contract. If NTAP< $65 by May options expiry, I get put 100 shares of NTAP at a price of $65- $6.75= $58.25 per share. If put, I'll make a monthly income by writing cc's on the shares until the sideways action in the market stops.