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To: PAL who wrote (88285)1/9/1999 11:18:00 AM
From: Labrador  Respond to of 176388
 
Thanks for sharing that option strategy -- it looks very good. something that i have not considered.



To: PAL who wrote (88285)1/9/1999 1:08:00 PM
From: freeus  Read Replies (1) | Respond to of 176388
 
Thank you,
I dont really understand this but I'll study it and try to comprehend. I now DO understand calls and covered calls.
Using them really helped!!!!!
I have level 2 at Fidelity so I can buy and sell calls if I have the stock (of course I dont need the stock to buy calls or LEAPS) but I dont know if I can sell puts. Probably I can if I own the stock or do I need to have cash in my account for them?
Freeus



To: PAL who wrote (88285)1/9/1999 3:15:00 PM
From: Don Martini  Read Replies (2) | Respond to of 176388
 
Thank you for the gracious credit, Paul.

Your combination rollout/stangle is a textbook example of using your head instead of your checkbook! The clear, precise play description should encourage others on the thread and help them be more profitable.

As it says in Professional Put Peddler's Practices:
"If you pay me more now I'll pay you less later!" <VBG>

Nice Work, PAL!

Don


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