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Technology Stocks : Wolf speed
WOLF 17.19-3.5%Dec 17 3:59 PM EST
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To: pompsander who wrote (4518)12/12/2000 2:45:39 PM
From: Brent Hogenson  Read Replies (2) of 10714
 
A recent check on the price of these options lists the Jan 40 Call at 6.5 and the Jan 40 Put at 7.0. Which means you don't make a profit until CREE reaches either 53.5 or 26.5
That is high risk, low probability, but high reward.

Since I am long on CREE and beleive that the future is bright, my strategy is to hold the underlying stock and sell covered calls 30-40% out of the money. Yesterday the Jan 65 calls could have been sold at 1.125.

Does anyone have an opinion on this type of strategy? I do the same thing with BEAS, PALM, QCOM, WIND and SDLI.
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