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To: Don Martini who wrote (62163)8/30/1998 10:01:00 AM
From: Venkie  Read Replies (2) | Respond to of 176387
 
Puts...
Don..I have really spent the best part of the morning planing my forward moves on the market..As we both know..The market wants to fool us..
There is still too much cash waiting to move..Heres what I think
The Dow and Nasdaq have both been brought down quite a bit..Threre are very little gains left and Dell , Csco , Lu and Msft are 4 of the big winners..Still meeting numbers....The rest have been beat to death...I have to think that a lot these companies that have been pushed down are ready for buying..Once the buying starts the of course the big 4 will get their share of buyers..I wonder how many fund buyers used last week to take profits as the time to set up end of year bonus's...There aren't that many other stocks they could have profited from..We may have seen Octobers portfolio shuffling a little early..Abby says she sees dow 9300 so that tells me that the rest of the year may be positive.. The sellers will need to see stocks move up to gain more profits by years end..In other words ..we may not see a big October decline like we have done in the past..Maybe Dow 9300......I think Abby is a very smart lady and thats not just because I am a bull...I am only bullish on a couple of stocks which help lead the market..I have not forgtten a there are a couple of others like Ko..Ge and and a few more that have a lot of market pull...plus..All those great names that are at 52 yr week lows..When those start getting bought up then imagine what will happen to the best..I have set myself up to where I have the power to make a few buys myself...I think the market is going up very soon..Next week ought to be very exciting...Theres a new kind of market these days with so many day-traders..They have a little more power to help move things than most believe..Look at what they did to the internet stocks..They also use the big 4 as a flight to quality..



To: Don Martini who wrote (62163)8/30/1998 12:49:00 PM
From: Craig Lieberman  Read Replies (1) | Respond to of 176387
 
Don,
Re:Buy LEAPS
I am an options novice, but your strategy interests me.

Seems like someone would be a fool to buy a PUT for 120 share price for January 2001, much less pay close to 40 bucks a share for the privilege. Do they mean post split 120?

Example:
(.ZDEMD) 36 1/ 2 + 6 1/ 4 which is a 120 put mean after SPLIT share price? I noticed that open interest in this option is "14" does that mean only 14 contracts have been sold on this leap?

Also, how do I find out what YEAR The options leaps are for?
Thanks in advance,
Craig



To: Don Martini who wrote (62163)8/30/1998 2:40:00 PM
From: HDC  Read Replies (1) | Respond to of 176387
 
Don, What brokerage firm are you using to sell naked puts? What is their margin requirement? Thanks, Duncan



To: Don Martini who wrote (62163)8/30/1998 7:51:00 PM
From: Dennis  Respond to of 176387
 
Don, thanks for the lesson on puts. Very interesting strategy. I need to do some serious homework if I want to do this type of investing.

Good Luck ALL