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Non-Tech : The Critical Investing Workshop

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To: Voltaire who wrote (14621)4/17/2000 7:26:00 PM
From: Clappy  Read Replies (3) of 35685
 
Mr. Stress Free V,

I was just looking a GSTRF's calls.
If I'm reading this correctly, you can buy a few thousand shares in the low 9's. Then turn around and write covered calls on them for the April $10 and fetch 1/2 point guaranteed for a mere 3 day's work...

Am I reading this correctly?
It seems too good.

I'm toying with doing it and then on Monday fetch an additional 15% by writing the May $10.

It's tempting.
However the gambler in me tells me to buy something else and wait for the Naz to rally...

Decisions, decisions...

Stress free or Not Stress free...
That is the question.

-ShakespearesInkQuill
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