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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.90+0.4%Dec 9 3:59 PM EST

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To: Danny who wrote (108477)9/18/2000 11:21:56 AM
From: Richard Bunker   of 164684
 
Danny,

I have been very pleased with writing covered calls as a yield enhancer, in situations where I have already picked a target sell price. In this case writing the calls is almost like found money -- the only risks being a) I change my mind and wish I could sell at a different price, or b) the stock could pop up over my target, then dip back down before the option expiration causing me to miss a selling window.

I find that this risk is often acceptable in situations where I am truly committed to a target sell price.

Rick.
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