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To: GROUND ZERO™ who wrote (9413)	2/4/2006 3:02:58 PM
From: robert b furman	Read Replies (2) \| Respond to of 12411

Hi GZ, I've sold naked options when wanting to buy the underlying stock. In a down period-It was an inexpensive way to get a below market price on the stock. Having said that I"ve never combined both. In pondering the move ,I always thought that if you bought the stock for the first move,one would want to sell the naked put on a price decline which drove the premium of the put your'e selling higher. If you wanted to sell the call,inversely you would sell it as the the underlying stock rose,and the premium increased as it approached the strike price. Is this a similar process,or do you place themsimultaneously. Having never done it - it may well be one of those easy to do and hard to get done things. TIA for my slower thought process.GG Bob

To: GROUND ZERO™ who wrote (9413)	2/4/2006 3:07:48 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 12411

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