How To Write Covered Calls - An Ongoing Real Case Study! Message Board

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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Dan Duchardt who wrote (12206)	1/19/2000 7:59:00 PM
From: Herm	Read Replies (1) of 14162

NYSE: (KM : $9 15/16) (KMpT : $44 1/8) $4,906 million Market Cap at January 19, 2000 Ranks 15th in the Fortune 500 on Revenue & 160th on Profit. Employs 278,525. Trades at a 60% Discount PE Multiple of 8.4 X, vs. the 20.8 X average multiple at which the Discount & Variety Stores IMFX Plenty of IFMX action today with 17 million shares traded. Next overhead brick wall comes at $15.00+. So, I sold the IFMX MAY 15s CCs today to lock in some nice bucks and I will the CC premies to buy some long sideshow IFMX calls for a little goose of the profit spigot and cash them out at $15 on the reversal. I may even roll into long sideshow IFMX PUTs at the peak for the ride down. My nut is down to $6.50 on this stock. You can see the profit taking on the large blocks today! IFMX Trading Summary 19-JAN-00 Ticks Money Flow($MM) Avg. Price Small Blocks +7589 -5149 +87.0 -58.7 12.5961 Large Blocks +121 -98 +32.2 -43.2 <-- 12.4419 Total: +7710 -5247 +119.2 -102.0 12.5431 18-JAN-00 Ticks Money Flow($MM) Avg. Price Small Blocks +1945 -1512 +22.3 -16.1 11.3685 Large Blocks +31 -26 +9.8 -7.9 11.3801 Total: +1976 -1538 +32.1 -24.0 11.3722

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