Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 322.51

+6.1%

Feb 6 9:30 AM EST

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To: Sun Tzu who wrote (39774)	11/16/2000 9:55:44 PM
From: Jerome	Read Replies (1) of 70976

So I think buying the stock and selling covered calls is a good option here. A better plan than most. But even here one has to use two different strategies depending weather the account is taxable or non taxable. If taxes are not an issue write a call five points above the purchase price or on the second consecutive up day for the SOX. If being called out is an issue then wait for a strong up day on the sox and use a strike 5 to 8 points away from the recent spike. This minimizes a call out, but it can still happen. Jerome

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