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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (29926)	9/15/2000 12:34:11 PM
From: adcpres	Read Replies (1) \| Respond to of 42787

OX: I beg to differ. If you sold MSFT Oct 65 puts (3 months ago) when MSFT was around 80, you probably did not get much for them (time value included) being $15 out of the money. Today it will cost a little over $3 per contract to close them out so you don't get stock put to you(assuming MSFT stays below 65). Today to sell MSFT puts $15 out of the money (JAN 50 puts -- 4 months out) will get you $0.75 per contract and tie up a lot of capital in your account to write those contracts. (My broker requires $20K plus 1/2 the stock value being written against to make sure I can make good if I guess wrong.) Does not seem like a very good buy to me. PS DMP: When you fired up those rockets, did you leave the reverse thrusters engaged?????? GH