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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (211)	4/15/2007 10:52:17 PM
From: im a survivor	Respond to of 5891

OK, thanks.....I am going to gamble just a little and see how it goes...will try to sell 5 may 10 puts at 2.00 - 2.20 and pocket a quick $1k and then I can watch and maybe flip some of them or if I am assigned it will only be $5k (5 100 share contracts assigned at $10 each) minus the $1k In premium, leaving me with 4k invested for 500 shares. And like you, I'll watch..may write some more...may flip them if they are volatile and again we have 33 days to see what happens and can always alter some things....