PMC-Sierra (PMCS) - moderated Message Board

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Technology Stocks : PMC-Sierra (PMCS) - moderated

PMCS 11.65

0.0%

Jan 25 4:00 PM EST

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To: techanalyst1 who wrote (160)	12/2/2000 1:10:10 PM
From: SJS	Read Replies (1) of 469

Tech/Howard, I did the same thing, essentially. I sold a total of about 30 or so points of calls throughout this year, at "opportune" times. If you watch the implied volatility of PMCS's options, you can see that there were better times/good times to sell calls. Into earnings events, for example, or after strong runs technically. Sure....30 points doesn't fully mitigate the kind of drop we've had, but this stock is in my IRA and that's probably the best place it could be right now, considering I was (and certainly am now !!!) taking a LT view regarding this company. 30 points is however, as they say in the options biz: "someone else's money". Steve PS: ST and MT calls are very out of vogue right now, so selling calls on PMCS makes no real sense as there is less implied volatility that there used to be. The puts are getting more juice lately, as you can imagine. LOL. The time for adopting a call writing will come again though, if you're waiting for such an event to re-occur. Patience is appropriate.

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