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To: Elmer who wrote (70574)1/5/1999 11:31:00 PM
From: Ibexx  Respond to of 186894
 
Elmer,

Re. No one should ever write naked puts unless they are prepared to own the stock at the strike price.

Yes, in principle. While you and I may adhere to this principle, you'd be surprised to know how many who don't, yet they use this approach as one of their major investment strategies.

Ibexx