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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (71004)	1/12/1999 12:21:00 AM
From: Elmer	Respond to of 186894

Re: "I'd venture to guess that Paul must be loaded with INTC shares up to his eyebrows. How could he be selling "naked puts"?" I think the poster meant writing puts. I'm up to my armpits (if not my eyebrows) in Intel shares and I keep writing puts. I have some Jan 90s expiring Friday (hopefully), and more in May. Cheers, EP

To: Ibexx who wrote (71004)	1/12/1999 10:04:00 PM
From: John O'Neill	Respond to of 186894

Re. ..I wonder if Paul is still selling naked puts...?? I'd venture to guess that Paul must be loaded with INTC shares up to his eyebrows. How could he be selling "naked puts"? Ibexx Selling naked puts doesn't require owning the stock..a covered put is being short the stock (whick small paul isn't) and then selling the put. Sellng naked puts can be VERY profitable...if the stock goes up...one just gets to pocket the put $ they received sellling the put. It is risky, because if the stock goes down..then the value of the put goes up & the seller has to buy em back (or have them exercised). This has been a profitable strategy for me on INTC...but it can be VERY RISKY....that is one reason I got out before the earnings...someone said once "leave something for the next guy"..INTC will go up from here, I think, but I still got out.