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

To: pinhi who wrote (31420)	2/20/2001 2:52:35 PM
From: im a survivor	Read Replies (2) \| Respond to of 65232

<<Any thoughts?>> Not that you asked me specifically, but I would not sell puts in a falling market unless the strike was pretty darned low....extr is one of those babies that may be at $60 or $10 in another month......to be frank, to me, the $4 premium would not be worth the risk of having to buy the stock at around it's current price, especially in amnaic deppressive market such as this....sure, more then likely, extr eventually moves big to the upside, so if your patient, you'll probably make a killing....but in this market I would not want to be forced to buy anything at any price close to existing price.....maybe the extr 20's, but the premiums are probably not owrth selling the puts on those....personally, I'd rather just buy the stock at $31 and then get your premium by covering....you still can get your $4 premium upfront, but you are locking in your buy price......JMO nasty, nasty market I never would have believed naz would tunble so far, so hard in a year.....how could I have been so blind last january and all of last year when I kept buying and buying and buying.......