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To: The Ox who wrote (1489)	2/21/2013 1:30:47 PM
From: robert b furman	Read Replies (1) \| Respond to of 8239

Hi Ox, Thanks. They say correctly that you should never sell a put on a stock that you don't want to own. I agree. I also never sell a put on a stock that isn't bouncing along the bottom of a sideways market. The two I've done this with have been intc and amat. Both pay a good yield - both bottom 2-3 times a year and both have great products and fortress like balance sheets. I have no margin and a dividend stream coming in that will pay cash for anything put to me - so I'm building the porfolio. If we have another 2008 - I can always margin out and get the best buy plus a bigger dividend stream. So far I only had to buy 1000 shares of Amat with a 10 put and only 600 of them were put to me - so it seems to be fairly safe swimming in a tank of sharks. I'm very pleased with the idea of using your cash - with out incurring interest expense as collateral to sell puts that have a time premium of about 7-11 cents on them each month. As time ticks the premium decays and you up front have the money. If a stock is put to you - you got a fairly good price and the usual ups and downs of a sideways market allows you to make a scalp profit.Those 600 amats were a net price of 9.60 and I sold them for 12.05 (left money on the table last month but I was ready to do it again. So far I'm liking it a lot. I think it was you who put up nvmi - I like that stock.Small cash rich competitor to KLAC. Any one have further insight please post. screencast.com Bob