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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: im a survivor who wrote (5225)	10/3/2000 11:51:07 AM
From: Jill	Respond to of 65232

Probably the Jan 70s are safe--look at various support levels and it could theoretically break down to upper 70s.

To: im a survivor who wrote (5225)	10/3/2000 11:57:50 AM
From: adairm	Respond to of 65232

You've got it! The margin requirement is not exactly as you stated, but you got the essentials down. (Call your broker to get your margin requirement.) I sell puts, currently short the NTAP OCT 120's, all the time. (Well, not ALL the time, but frequently!) Best to do this on dips. I usually sell short term, the near month. I'd rather do that and collect smaller, but more frequent premiums. The overall return is greater. And, I don't lock myself in for a long trade. I also buy back my sold puts when they go DOM. I figure why tie up the margin when it could be "invested" in a more profitable play. Look at the charts, sell well below support. Good luck, Adairm

To: im a survivor who wrote (5225)	10/3/2000 2:24:22 PM
From: TigerPaw	Read Replies (1) \| Respond to of 65232

looked into selling puts The best performing stocks I've owned are the result of selling puts, and having them exercised. As you say, keep your margin clean, sell puts only on stocks you really want to own and collect money. So far for me, the stocks only get put to me when a real market disaster hits near option expiration time and you end up buying at a great time. The second important part is to decide now how you are going to pay off the margin that results. There should be a position that you have in mind that you will sell off a month or two tops after the event to clean up the debts. I have naked puts on Intel now, I have too much JDSU common for me to want to take a larger position via options, but puts are a good way to start (Some companies you just want to buy before you miss them, I think JDSU is one that fluxuates enough that you can play games and pick it up eventually). 2¢ TP