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To: Glenn D. Rudolph who wrote (36728)	2/28/1998 4:26:00 PM
From: MMW	Respond to of 61433

Hi Glen, You have an interesting opinion that you favor naked puts. I have done covered calls for a quite some time. It was profitable. In your post, you think naked puts are even better. Would you please give some detailed analysis. Cheers, Mike

To: Glenn D. Rudolph who wrote (36728)	3/2/1998 9:54:00 AM
From: Greg h2o	Read Replies (2) \| Respond to of 61433

RE: <<Covered calls are suggested by every major brokerage house. The brokerage house makes the most money on this position. Writing naked puts is discouraged but that is most profitable to the writer.>> Both transactions would cost the same (assuming you're already long the underlying stock--in this case the person appears to be). So, the brokerage house doesn't discourage writing naked puts because of that. The reason you'd make more on the naked puts is the risk is so much higher. As many things as brokers and brokerages do wrong, this isn't one of them. regards, greg