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Andy Grave

12/26/03 2:48 PM

#21540 RE: yourbankruptcy #21538

Selling puts at a peak before a market correction is a total disaster.

Some of these Intel FUDsters must be embarassing even to Intel.

Andy Grave


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Jerry R

12/26/03 2:52 PM

#21542 RE: yourbankruptcy #21538

yourbankruptcy - Selling puts at a peak before a market correction is a total disaster.

I apologize - you are correct. Buying puts would be the more reasonable response in this scenario.

You could also engage in covered puts, which does entail selling puts for a bearish stance. Are you aware of this?