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was Adam

10/10/02 12:33 PM

#1565 RE: Elmer Phud #1563

EP:

Re: I wrote some puts on QQQs this morning. Oct $18s. After next week I'm going to continue and perhaps get more agressive. I am willing to be heavily invested in the Qs below $20.

That seems like a very good strategy. I'd write QQQ puts, too, but I'm currently margined relatively heavily and I don't want the extra risk right now of owning naked puts. Good luck - I think it's a solid move.

Adam