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Selling naked options can be very risky. There are many other ways to trade
with the same or better profit potential and have limited risk. As a market
maker and as a trader, I have always abided by one rule. " Never be short
more options then you are long" That rule stood me in good stead until I
retired and in the 18 years thereafter. Ira
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <MedianLine@xxxxxxxxxxxxxxx>
Sent: Wednesday, September 25, 2002 12:44 PM
Subject: [RT] Interesting Puts
>
> Yesterday I sold Dec. puts on GE with a strike price of 22.50. Nice
> premium.
>
> Today, before market rise I sold Dec. puts on JPM with a strike price
> of 15.00. Nice premium.
>
> My concept is that if the strike prices were hit I would not mind
> owning the stocks at those prices. If not struck I keep the premium.
>
> I had previously sold Sept calls on GE with a strike price of 35.00.
> Premium became mine when options expired.
>
> I am looking for other ideas that have value along these lines.
>
> John
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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