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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: energyplay who wrote (9381)10/11/2001 3:43:39 PM
From: que seria  Read Replies (1) | Respond to of 23153
 
To answer your question, energyplay, puts allow me to keep
my tech positions, which I otherwise would lighten or sell calls against. So I am like one of those Cramer mentions:

Puts are ammo. They allow you to fire away at longs all day and be protected. They make you bullish. They create a reason to get long.

except that for me the worry-free longs are positions I already have open. I don't trust this rally and will be lightening or selling ITM calls by expiration.