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January 5th, 2012 at 10:44 am
@EXEC
I’ve gone further out to the second quarter selling the $30 puts.
This trade, selling puts, has not yet disappointed. I was put to once for 3700 shares and the trade so far in 6 months has netted an additional $23,000.
The buy/write you want is ok, but I’d pay closer attention to Phil’s idea of selling the puts.