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Technology Stocks : Broadcom (BRCM)
BRCM 54.670.0%Feb 9 4:00 PM EST

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To: Farfel who wrote (2141)6/30/1999 10:16:00 PM
From: Brian Malloy  Read Replies (1) of 6531
 
It can be a very good strategy if you employ it at the right time. Sometime in Aug-Sep the market will get whacked. I'll be watching in July and sell SEP covered calls in late July or early August. Collecting a nice fat premium. The probability of having the shares called away is low during the Sep expry, IMHO.

There are just so many ways to both be long and squeeze extra money out of volatility of companies like BRCM and CMGI.
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