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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Chuck Molinary who wrote (16965)	2/16/1998 1:58:00 AM
From: Getcher	Read Replies (1) \| Respond to of 50167

Chuck ... RE:Put Selling Strategy. I have been perfected said strategy in the past several months. Finding a broker with reasonable commissions, great settlements, and perfect margin requirements. Been able to create some good low risk profits using 10% margin when strike is more than 10% below current market price! The search for positions takes some time. New positions for this week ... CDG, PPP, APM, and MDCO. I may also do LRCX ... tough one to call ... breakout looks real!! Downdraft hurt me last time as I wrote ATM (At the money) puts and had to get out early. If I had owned the stock I would have held it through, but you cannot do that with ITM puts! I would've had a margin call on that dreadful day!!!!!! 10%+ OTM put strategy is looking good right now. FInd positions you could easily see writing a call with great support within 10% of its current price and a decent premium for a strike below that support, and it seems like easy money to write the puts!! Getcher