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Technology Stocks : Who audits AOL's membership numbers?

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To: Alan Smithee who wrote (61)4/22/1997 9:05:00 PM
From: Thom Taylor   of 65
 
What do you do with a $2000 IRA?

Here's my thoughts and see what you think?

Have a method to find the highest prices premiums you can find and
buy writes them as close to the money as you can.

Do buy write orders with a net debit limit order so you are not buying things
at the market but getting the best price.

I actually want it as close to the money as I can so I get called
out frequently and can find another high priced premium to buy write
with.
If it is real close to the money or even on the money the chances of
getting called out sooner than waiting for expiration will give
you more plays. Also by doing this, you would not have to be
as concerned as to the quality of the underlying stock since if it's on
the money you'll get called out sooner than expiration.

It could be kinda like dividend captureing but doing it with buy write
options

Do you see any flaws or possible down side to this?

The only downside I see is getting suck with a poor stock that no one
buy options on in the future. Of course in a worse case senerio you
could sell the underlying stock if that happened.

Are there any programs or spread sheets deal with covered call writing?

TT

TT
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