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Strategies & Market Trends : Advanced Option Strategies -- Ignore unavailable to you. Want to Upgrade?

To: Vol who wrote (19)	7/5/1998 2:28:00 AM
From: Joe Waynick	Read Replies (1) \| Respond to of 355

I've been doing naked PUT's for over 18 months. I keep a list of fundamentally sound, high quality stocks that I don't mind owning. I scan the list daily for pullbacks. When I find one, I sell ITM PUT's equal to the pullback plus whatever it takes to get to the next strike, two months out. It's a good cashflow generator. I haven't actually done Systematic Writing yet. I only ordered the books Greg recommends last week. But based on his initial post, it sounds exciting. I envision using SW with BPS positions, as well as my standard PUT writing strategy.