Sunday, May 04, 2003 10:50:59 AM
jim>>> I have been very successful in selling puts on IDCC. Most recently I sold the Apr 20s and the stock closed over 20. I now hold May 20s, June 20s,
sept 20s, and Sept 25s. The premiums are excellent. Right now you can sell a Sept 20 for $2.25-$250.If it is put to you you are buying the stock at 17.50. Unless the stock falls apart which we hope will not happen and you are bullish on the stock this is a great sell. The premiums are even better if you go further out. I do not like to tie things up for more than 3 months. Again, if you are bullish on the stock long term and would not mind owning it if it were put to you this is a great way to pick up some extra cash. It has been put to me on occasion but then I sell calls on the stock.
sept 20s, and Sept 25s. The premiums are excellent. Right now you can sell a Sept 20 for $2.25-$250.If it is put to you you are buying the stock at 17.50. Unless the stock falls apart which we hope will not happen and you are bullish on the stock this is a great sell. The premiums are even better if you go further out. I do not like to tie things up for more than 3 months. Again, if you are bullish on the stock long term and would not mind owning it if it were put to you this is a great way to pick up some extra cash. It has been put to me on occasion but then I sell calls on the stock.
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