VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Bob Pittsfield who wrote (27288)	12/27/2000 11:16:00 AM
From: im a survivor	Read Replies (1) of 65232

Bought extr at $39, covered with Jan 50's and got $4 even. The premiums on extr make it a very nice vehicle for writing cc's. If extr keeps dropping, I'll keep adding and write slightly OTM CC's.........the premium alone is a tad over 10%....if called, total profit jumps to about 39%...not bad for a month. If not called, well, I made a nice 10% discount on my shares and will just cover again. Anybody else doing the CC thing with EXTR at present?

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