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Strategies & Market Trends : Canadian Options
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To: thebeach who wrote (543)6/8/1997 8:34:00 AM
From: Jan Johnstone   of 1599
 
Easy Money !!

Write naked calls on Gandalf, as far out as you can. For example, October $4 are selling for .20 cents, may drop to .10 if the supposed Cisco offer is real low, and comes in before the market opens. For every 100 contracts at .20 cents, you'll make $2000, before commissions. Only drawback is that you'll have to wait till October to be clear.

Jan
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