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Non-Tech : The Critical Investing Workshop

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To: Cosmo Daisey who wrote (7281)	3/13/2000 9:53:00 PM
From: Voltaire	Read Replies (1) of 35685

Hi Cos, just an opinion, as if everyone within 500 miles doesn't know I might have one. So many people say I am going to wait until the stock rises to write my call. I understand this if one is good enough to call it but most are not. Everything being equal, meaning you can still get say 8 to 10 % on one month out calls. I say it is better to write while stock is in the lower part of the channel and RNWK happens to be in the lower post split end. I think one should think in terms of per cent rather than price. I think so many go after price thinking because it seems higher that it is safer, not realizing that if the stock comes down it will out run the calls to the down side presenting a negative situation. On the other hand as long as you are still getting the same percent there is a better chance of a rise with the stock price out racing to the up side and a win win action. So many people seem to think that once covered one would wish for the stock to decline, nothing could be further from the truth. If you are getting the same per cent return, wouldn't you rather have the stock at the lower end of the scale? V

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