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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Robert T. Quasius who wrote (50922)	4/3/2001 8:20:12 AM
From: Amadeo Mendez-Vigo	Respond to of 77400

Robert..If you sell an uncovered put (Naked put) a prem is paid to you..if on the strike date the stock is above the strike price..you keep the prem. but if it below you have to buy the stock at the strike price and you also keep the prem. So if you sold the 15.00 strike on Jan 2003 and received 4 5/8 points, if you are assign because the price is below 15.00, you keep the 4 5/8 points..this make the price of the stock you have to buy....10 3/8....Naked Puts are a gamble and you should only sell them on stock that you would not mine owning....

To: Robert T. Quasius who wrote (50922)	4/3/2001 9:31:53 AM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 77400

I am wet behind the ears? Have you seen my profile? I have studied and done this sh!t all my life!