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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: Geoff who wrote (2470)	10/8/1998 8:48:00 PM
From: md1derful	Read Replies (1) \| Respond to of 6439

Thread: RE shorting puts... a couple of thoughts..1)they are the same as long calls only in the sense that it is a bullish position on a security...2): shorting options tends to be more profitable than going long the option..3): they are risky to the casual investor with no pre-determined exit strategy, 4): you must determine which securities "pay" well for the option you want to sell..5): your stock must be in a well established uptrend 6): always short out of the money puts..7) take your position after a swift downdraft- such as today..I shorted more oct 45 puts and got 13/16!! when the stock tanked to 45 today...finally: I agree whole heartedly with the posters before me who urge caution...try a few paper trades out and learn about options...they really are great fun if you enjoy being on top of the market day by day or even hour by hour...good luck