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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: steve stark who wrote (13179)	12/12/1997 7:44:00 PM
From: Lee Penick	Read Replies (1) \| Respond to of 70976

Steve, I think paper trading is a great idea. I did not paper trade but have sold puts three times for real. I'm no expert by any means, but I like it. If you are considering 500 shares, 5 contracts, I think you would find it more than makes up for the commission. Assuming you are using a discount broker. 5 contracts would cost about $40 for me I believe, and that is not the cheapest around. take a look at a short term AMAT Put and let me know what you think. One of my trades looks good, and the other two I need to roll over because the price has gone down farther. But it looks like when I roll over I will make a little more money for selling another months worth of time premium. Let me know if you find something that looks better, I'm always willing to learn and get smarter. Lee