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To: Taikun who wrote (6218)1/29/2006 9:18:50 AM
From: Elliot F  Respond to of 25575
 
<<Write Jan 2008 $80 Puts for US$13.30 ($1330)>>

I like the idea of selling SU puts. When SU was slightly under 65 so I sold the Jan07 65 put for about US$8 ...well worth it. Selling an SU put is a great strategy and practically foolproof. Assuming margin requirements of 25%, one can earn at least a 50-70% gain when putted out. If not, you just lowered your buy in cost by the price of the put. I wouldn't go out to Jan 2008 though ..a bit too far for my taste.

ef


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