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Technology Stocks : Identix (IDNX) -- Ignore unavailable to you. Want to Upgrade?

To: brad greene who wrote (8847)	6/18/1998 9:53:00 PM
From: J L Segal	Read Replies (1) \| Respond to of 26039

Brad, Someone was selling "naked" puts today. A bullish move. The volume was very large in the Dec.'s. The large trades were at the bid and the volume was much higher than the original open interest - hence, opening short (or "naked") positions. Not a bad way to collect some cash from oversold stocks, if you're right. One of the disadvantages though is naked options always have relatively large margin requirements (I've been there). The worst thing that could happen is that you get "put" the stock at the strike price. Selling the Dec 10's @ 4 makes the effective purchase price$6. Heck, that's not too bad of a bet, unless you think that IDX will still be below $6 on the third Friday of December. (you get to keep the interest on the premium too) Just curious, can anyone on this board claim these put trades?? :-) JL