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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: HG who wrote (1697)	9/25/2000 8:57:30 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 57684

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.... This is great unless it goes way up<G> 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... I really do not have a clue where CSCO will go. the great part about writing the puts is the time premium and I believe I wrote them for 8 so I actually have a small profit. It may have been 7 but not the issue. My plan will be to just let the time run out and then write them again meaning close the puts on expiration day. That is my typical strategy that has served me well for years. That would only change if I saw what would seem like a total meltdown and I do not see that. CSCO has closed below 60 in the past this year I believe.