Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: chic_hearne who wrote (103176)	4/10/2000 11:34:00 AM
From: Elmer	of 1574637

Re: "Forget the covered calls and go with puts. This thing is not going down (except for minor profit taking). As you said, 97% (or something) of puts expire worthless. Keep working the puts!!!" This is my first post from Haifa Israel where I arrived last night. I hope to sleep in a day or two. I will be writing Puts with abandon right after earnings. The CCs have a very high premium so I thought I'd get some of it and it was in my IRA anyway. I can't buy calls in that IRA but I can write cash backed Puts and CCs. I expected to get assigned. All in all I made nearly $10 per share for April. I know a lot of you did better but I'm not trying to hit a home run here, only steady growth. Good luck to you. EP

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