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Strategies & Market Trends : The Covered Calls for Dummies Thread

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To: fmikehugo who wrote (1317)	7/4/2001 7:32:04 PM
From: Jerome	of 5205

Mike..... there is plenty of talent here on SI to help you with selection of stocks for covered calls. The paid services essentially screen stocks that have high call premium attached. They all warn you to do your own fundamental and technical analysis. There are a number of outstanding option traders on SI. You might poll a half dozen of them to find out what their favorite picks are for the next three months. Not having a stock tank is probably the most important consideration for the covered call writer. You mentioned AMAT, and I would also suggest, NVLS, LRCX, MXIM, XLNX, TER, HWP LLTC, ATML, VSH, KEM. All of these are sound companies with earnings and more than a decent outlook for the next 3 to 6 months. You are on a good thread here and could ask those whose opinions you respect about stock selection. One last note: Because the next six months are so uncertain, it would be my preference to write all covered calls at the money., or slightly in the money. If AMAT is at 51 write the 50's going forward. Cover your downside or stay out of the market. Regards, Jerome

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