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

To: TobagoJack who wrote (46059)	2/11/2004 7:48:26 PM
From: Seeker of Truth	Respond to of 74559

Hi Jay, What helps me sleep nights when the puts look exercisable is the thought that I can simply accept my "defeat", let the guy on the other side force me to buy the shares, on margin if I don't have enough of the ready on hand, then turn around and sell calls on the just purchased shares. Also, say you sell a put with strike price 42.50 for $1.50. The stock has to get down to 41 before you start to have a losing deal. Listen to me; I'm an expert. I learned it all from Jay Chen, a mirror image of you. Chugs, Malcolm