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Technology Stocks : Texas Instruments - Good buy now or should we wait?
TXN 176.31+0.1%Dec 19 3:59 PM EST

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To: Keith Fauci who wrote (4704)10/25/1999 7:02:00 PM
From: Sundar Rajan  Read Replies (1) of 6180
 
I have been writing covered calls against stock and took the liberty of responding to this message. Hope you don't mind!. You sell calls in 100 share lots. For example if you hold 200 shares of TXN , you can sell 2 Nov 90 calls (TNZKR) at 1 1/4 (bid is at 1 1/4) and you will get 1 1/4 x200 = 250 minus commission. (I am hoping to get $2 or more before I will sell this call). You can go to www.cboe.com for call prices. If TXN closes atleast 1/4 point in the money on expiry day(ie > 90 1/4 by Nov 20), you will lose your stock.
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