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To: PAL who wrote (7925)6/2/2000 12:48:00 PM
From: edamo  Read Replies (2) | Respond to of 8096
 
pal....professional day traders yes.....cnbc wannabe day traders no....

time effect on short put

2/10/2000 jdsu @ 103.25(split adjusted)
sept 100 put (ucq-ut)@ 23.5
6/2/2000 jdsu @ 110
sept 100 put (ucq-ut) @ 13.75
about a 9.75% return in four months
perhaps not enough for a "ten bagger" mentality...but 30% per annum reasonable.....

time is your ally on the sale side....
your enemy on the buy side....