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To: semi_infinite who wrote (6010)6/16/2003 1:18:59 PM
From: Sam Citron  Read Replies (1) | Respond to of 13403
 
OT semi_infinite,

Curious about your selection process in Cree naked puts. Are you diversifying among strike prices and expirations or simply picking a cost basis that you consider reasonable? I notice that the Jan '05 10 puts are trading around $2 today which would imply a basis of $8 if you are lucky (or unlucky) enough that it gets into the single digits in a year and a half. Any other considerations that go into your selection process?

Sam