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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Vol who wrote (7874)	7/12/1998 4:17:00 PM
From: EJ	Read Replies (1) \| Respond to of 14162

Volunteer, I was young and a gambler...I didn't buy the lower strike price puts (or the higher strike price calls)...I didn't want to lower the return. But I watched the market EVERY MINUTE. I'm no longer as young...not quite the gambler...and don't watch the market every minute... If you want to trade bull put spreads, I would suggest simply weighing the risk/reward and doing such through a "live" broker. Since your downside is limited, obviously you won't have to watch the position every minute. My guess is that you will find the bull put spread a successfull strategy...but don't let many months of success let you put your guard down...BUY the protective option. If you start trading them and enjoy great success...come back to this message and re-read the previous sentence. EJA