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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: larry who wrote (13807)	9/16/1998 9:38:00 PM
From: Kevin Podsiadlik	Read Replies (1) \| Respond to of 18691

Thanks for your example. Your example is not a typical one since most experienced put sellers are selling puts on a monthly basis. Fair enough. The person I was responding to was making reference to "long term" and had specified ORCL and a $20 trigger price, so I chose my example to try to match that. (Sept and Oct $20s weren't trading today.) I'm guessing the DELL 55s were at or in the money when you sold them? That may be a little different, if you're counting on a stock price rise rather than the forces of expiration to generate your profit. Still, I'd hardly have characterized it as reliable income.