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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (17586)	3/30/2002 5:26:03 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hello Pezz, I worked on my scheme (oops) I meant project today. This is just a short clarification ... <<Do ya really believe that ?>> No I do not. <<Besides don'tcha think a bit'O risk would be a little more fun ?>> So no need. <<45% is good and since it's "no risk" I assume you have a very large position>> No, thus contributing to no risk. <<Unless there wuz some risk when ya shorted those puts inna first place>> Yes, spot on. <<I don't follow the stock but the opinion of those who buy @ 25 and those who sell @ 15 must have some standing>> There lies my secret. I get putted at 20, get 2.5 premium on short put, wait for 20 again, and short call, over and over, again and once more, dependable as a mistress, but less costly all around. Chugs, Jay