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To: Jeffry K. Smith who wrote (7953)6/9/2000 1:00:00 PM
From: Tom K.  Respond to of 8096
 
...You have more guts/timing/luck than I do to engage in naked calls to the extent you did....

Thanks for the kind words, Jeff. Hopefully, I have some trading experience and discipline that goes along with the luck.

The reality though is that this was my first real venture into naked CALL writing so I was watching it like a hawk. That's not my usual style, but the close monitoring may have helped. Most important point for me to realize is one good month doesn't make a trend.

I generally do well on PUTs, but don't let me kid you..... every now and then I blow one and it takes quite a bit to recover..... but that's what investing is all about.... RISK.

Tom



To: Jeffry K. Smith who wrote (7953)6/9/2000 4:22:00 PM
From: Bridge Player  Read Replies (1) | Respond to of 8096
 
Particularly after a sharp 20% runup in a month (NASDAQ) and in a market where valuations are still pretty high, I see no reason why naked call selling should be any more dangerous than naked put selling.

I kind of like a short call play on Juniper right here after the recent 90 point move from the low. Watching closely the July 280s. I would not mind being short Juniper at around 295 or so.

BP


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