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: Poet who wrote (201)	5/11/2000 2:39:00 PM
From: TradeOfTheDay	Read Replies (1) \| Respond to of 10876

Poet, I was just thinking about longing QQQ LEAP puts.... been tracking a few and seems to work out pretty well if you can get by the horrendous spreads. I've had mixed results with QQQ regular puts... but maybe I wasn't ITM enough - and lingered a little too long. Still learning... Tried shorting the QQQ common - but with it being on the AMEX - aii yiii yiii ... they take forever to fill you - drives me nuts. At any rate , for the most part , have just been collecting LEAPS (long calls ) on BVSN, BRCM, JDSU, CY and CSCO... keeping my fingers crossed that we really are not going into a protracted bear mkt. just in case, I started buying the 02s on the last few.

To: Poet who wrote (201)	5/11/2000 6:14:00 PM
From: Jill	Respond to of 10876

Re: leaps puts sold, I repositioned my JDSU June 110s and 100's--think I mentioned that here, but will replay. It was looking weak and the down day yesterday seemed a good time to buy back all open positions on JDSU and sell the 02 110s. They were about $50, much richer premium than Junes of course, so I was able to reduce open put positions in half, releasing a bunch of margin collateral but coming out basically even. Of course, I have to wait much longer for decay, but it allows me to still come out ahead. In general I don't enjoy selling leaps puts because I get impatient, it's a long time frame to tie up collateral.