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bUrRpPPP!

05/21/10 10:01 AM

#41992 RE: tenenbaum #41988

Smart and gutsy.....I wish I had the guts but I limit my options risk to only buying....I have seen more than one fellow trader get destroyed selling puts and not having it hedged because he just never thought the unthinkable could happen.....

derek2000

05/21/10 10:04 AM

#41993 RE: tenenbaum #41988

Option - Are you using covered puts?

It is a good way to protect your portfolio. But uncovered puts could be very dangerous if PIIGS come back again.