Sunday, January 27, 2008 10:38:17 PM
Hi Neil
>>>>I'm so happy not to be option trading these days
<<<<
I had the brainstorm that instead of placing a GTC order for STKL at $6
I could WRITE (sell) $15 PUTS at $9 / share +
So I could be PAID for buying the stock at $6
If it goes down I wouldn't lose any more money than buying it and if it goes up it would cost me less to buy back the puts.
I figure the stock isn't likely to go over $15 in 6 months and I can make interest on the $9
probably too chicken to actually do it but seem to be no more risk than just buying it.
Toofuzzy
>>>>I'm so happy not to be option trading these days
<<<< I had the brainstorm that instead of placing a GTC order for STKL at $6
I could WRITE (sell) $15 PUTS at $9 / share +
So I could be PAID for buying the stock at $6
If it goes down I wouldn't lose any more money than buying it and if it goes up it would cost me less to buy back the puts.
I figure the stock isn't likely to go over $15 in 6 months and I can make interest on the $9
probably too chicken to actually do it but seem to be no more risk than just buying it.
Toofuzzy
Take the road less traveled. It will make all the difference.
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