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

To: Cogito Ergo Sum who wrote (37063)	8/9/2003 3:39:45 PM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 74559

Gold shares had a substantial run during the last few days, therefore I was wondering of the timing of writing a put on gold shares. siliconinvestor.com If as Dolinar wrote he would not mind ending up owning the shares then you were right, and I misunderstood.

To: Cogito Ergo Sum who wrote (37063)	8/9/2003 7:32:40 PM
From: Seeker of Truth	Read Replies (1) \| Respond to of 74559

You are not confused. Jay says that he is shorting puts. He means that he is selling the puts. He is getting paid for, let us say, being willing to buy NEM at 35 during a certain time period. If the puts are exercised by the buyer, reducing Jay's cash position, Jay can either sell calls or simply happily hold the stock. The point is always to be on the sell side of both puts and calls. That way time is always on your side.