Replies to post #333 on STEC, Inc - (formerly SimpleTech, Inc.) (STEC)

[leemalone2k3]

I wouldn't say killed is the right word. The breakeven is 17.95. If I were to hold the naked puts (which I covered already at .95) and if I were put the stock, I would simply sell calls against it for downside protection. The only way to get killed would be if the stock goes to 0.00.

Why sell naked puts? It is a great way to buy stock at a discount!