SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?


To: manalagi who wrote (119569)3/7/2001 12:37:50 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
Yes, I sold naked puts on a good company. You get cash which earns money market interest. I am prepared to get an assignement and have the capacity for that. Of course you already know that derivatives are profitable but carry huge risk.

This use to be my investment vehicle of choice. I still use it but I reduced the amount due being caught in the networkers downdraft in 1995. It turned out fine but I had to raise a lot of cash for a while. So now I write few puts is all.



To: manalagi who wrote (119569)3/7/2001 2:35:48 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 164684
 
manalagi, selling naked puts is VERY high risk. you win most of the time, but when you lose you lose VERY badly.

i don't recommend it at all. it is fun until you get burned. problem is, by the time you get burned and learn the lesson you may be out of the game altogether.