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Re: Newly2b post# 670375

Sunday, 02/20/2011 8:34:24 PM

Sunday, February 20, 2011 8:34:24 PM

Post# of 704049
newly, I know you have traveled the world, and I have warned you about naked puts -- lost 100s of thousands on CMGI, LU, MSFT, CSCO, AMAT, et al - in 2000 as the market crashed -- but back into to them again -- never more than my cash account can cover -- just be careful with a naked put on AAPL -- (I always traded 10 contracts) -- bad crash on AAPL = $360,000.00 put to you (AAPL was $100 just a couple of years ago)

>>>great minds think alike<<<

so I say again, be careful

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