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To: Don Martini who wrote (106705)3/3/1999 11:33:00 PM
From: Lucretius  Read Replies (1) | Respond to of 176387
 
I truly feel sorry for you if you have sold these puts naked and not against a short. you have no idea what is coming down the pike do you?

I am saving your post to discuss in a few days.



To: Don Martini who wrote (106705)3/4/1999 1:27:00 AM
From: Michael Bakunin  Respond to of 176387
 
Shorting naked puts is not "very conservative".

If the underlying drops for a protracted period, your strategy is in big trouble. You're taking a big risk; it is precisely that risk that makes this a "lucrative strategy" when successfully.

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