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To: Glenn D. Rudolph who wrote (1692)9/25/2000 8:51:36 PM
From: HG  Read Replies (1) | Respond to of 57684
 
Well, I really never think of CSCO in those terms....if I did, I'd have cardiac arrests everyday.......<gg>

If you think its going to go down any further and you wish to freeze your losses, you could short the stock in a rally, so that come expiry, any stock you're put will be gone....

I'm not advising you to do this with CSCO...its just a strategy to implement when you're left with short puts and you think the stock may have a downside...and for some reason you don't want to cover the puts...