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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (22801)	1/8/2003 10:15:03 AM
From: Jeffrey S. Lillie	Read Replies (3) \| Respond to of 30712

we should get a weak bounce of 2-3 hours starting arond 1030 am then selling off in pm but not necessarily going to lower lows today. j

To: Mike M who wrote (22801)	1/8/2003 10:55:57 AM
From: mishedlo	Respond to of 30712

That is a big difference.>> Sorry. No difference. Buy/Write = naked put. That is a fact. Risk is identical. That is a fact. The moment you place the CC you have identical risk to that of a naked put. That is a fact. Your position in a stock before the CC was place is totally irrelevant. The moment you place the CC you are taking a trade. That trade is identical to that of writing a naked put. The only difference is that you are already in the stock so you would have to sell it and then write a naked put. Two trades. OTOH if one wanted to do a buy/write at the outset, that is two trades, and can perhaps better be accomplished by writing a naked put. It all balances out no matter how you look at it. M