Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gersh's Option trades -- Ignore unavailable to you. Want to Upgrade?

To: kaka who wrote (134)	10/28/2004 12:59:03 PM
From: Elmer Phud	Read Replies (1) \| Respond to of 652

Kaka I currently have CSCO contracts in the account which I report trades on this board. I used to play in and out around 17.5, but over the past few months raised my short put strike to 20. As CSCO has floundered and fallen below 20, I've hedged the puts (which I roll and roll for net gains) with naked calls @ 22.5 and 25, but for farther months out. Total CSCO plays have been pretty profitable, but each time I sell puts on it, I get more and more nervous!!!! Which proves that by rolling you can still make money on a short put that is ITM. Naked Calls though are something I do on INTC and occasionally AMD. Come the first of the year I'd like to expand outside the tech industry. I've played SGP a little. Any suggestions in the below $20 range?