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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Elmer who wrote (123865)12/30/2000 11:21:17 AM
From: Jim McMannis  Read Replies (3) | Respond to of 186894
 
2 of 4 guests on Wall Street Week recommended Intel last night. Bottom Fishers...

Jim



To: Elmer who wrote (123865)12/30/2000 2:14:23 PM
From: kapkan4u  Respond to of 186894
 
<I know you were writing puts because we both posted some trades over on the AMD thread, but how does one sell covered puts against a long position?>

By selling or selling short an equivalent portion of your long position at the time of writing a put. If the stock is falling, this has the effect of repurchasing the stock at a lower price point upon the assignment.

Kap


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