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Ira,
Sage advice, better be a seller than a buyer . .be, and in both directions.
don ewers
----- Original Message -----
From: "ira" <mr.ira@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, September 25, 2002 7:13 PM
Subject: Re: [RT] Interesting Puts
> 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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> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
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>
>
>
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>
>
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