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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: pz who wrote (9580)	2/3/1999 6:45:00 PM
From: VincentTH	Read Replies (1) \| Respond to of 14162

Paul, A married put is different that a long put. A married put requires you to own the stock in equal shares. //V

To: pz who wrote (9580)	2/4/1999 8:08:00 AM
From: Herm	Respond to of 14162

In that case Paul, if you buy into MSFT with married PUTs I would go with the same type of options for the puts as your CC calls. Example, if you plan to CC with LEAPs then go with LEAP PUTs for the same expiration month as the CCs. They will be the cheapest and you cover your tail for downside! You might ask if you can do a buy/write and married PUT at the same time and save some commission cost! You can sit back and monitor the value of the position. If MSFT takes a dive your LEAP PUTs will appreciate and your CC LEAPs will decay. At some point you would cover the CCs LEAPs and cash out the PUTs. You could buy more stock and wait for an increase to repeat the process. Interesting approach. Does anyone else have a suggestion for Paul?