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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?


To: X Y Zebra who wrote (16404)9/28/2000 12:13:31 AM
From: TigerPaw  Read Replies (1) | Respond to of 21876
 
Lucent looks very ugly here. I have made a few bucks trading in and out of LU. I think general market will look poor for another 3 weeks, but naked puts could get you in at just the right time.

TP (Still undecided)



To: X Y Zebra who wrote (16404)9/28/2000 6:26:08 AM
From: Georgeb  Read Replies (3) | Respond to of 21876
 
Puts are always naked, there is no such thing as a covered put.

A large put position does have to be covered by an adequate portfolio margin in the event that the puts are exercised early.

If you are not absolutely sure about how these work and all the implications, better stay away from writing PUTs.