brpinion

Falling Option Prices Make Bottom Picking Worth a Look

last sentence should read:

I didn't know Buffet did this but it seemed logical to me.


On Mar 12 10:48 PM brpinion wrote:

> Tom
>
> I just started selling naked puts without using leverage and segregating
> enough cash to buy the stock (minus the minimal amount I need to
> keep in my trading account)in a savings account yeilding 2%. I wrote
> microsoft, csco and walmart puts and will make 10% on stocks I would
> love to own at that price. To wit: msft at 12.50, csco at 10 and
> wal-mart at 35.
>
> I didn't know Buffet did this but it seemed like a logical to me.