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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: larry who wrote (21512)	8/31/2001 12:29:30 AM
From: robert b furman	Respond to of 24042

Hi Larry, I like to sell the puts instead of buy the puts. I am not a nimble trader.I have always been taught buy and hold.But sell at before tops - easily said hard to do. Selling a put allows the decay of the premium to be on your side. Buying the put - allows the decay of the time premium to hurt you. It is the difference of maybe a point over 60-75days and it establishes a lower codt basis (sometime than an outright buy might) on which capital gains could reward you. There are many approaches - each to their own. I've found in being on the other side of an option - it provides a cushion. As a poor timer -that cushion is nice.hehe Bob