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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Jill who wrote (13563)	2/3/2001 4:41:48 PM
From: jaytee	Read Replies (2) of 14162

Hi Jill and Victoria: I like volatility of RBMS , as well as Jill's recent plays. RMBS:http://quotes.barchart.com/texpert.asp?sym=rmbS All tech's looking downward Could do a LEAPS play: buy Jan 02 50's for 19 7/8. Sell May 01 65's for 6 1/8. That's 31% UPFRONT. That would equate to your 10 % ea mo yield (goal?) If you wanted to bail, you could use that vol.'y to your advantage OVER AND OVER again. I see at www.edreyfus.com that there have been some pretty big moves in short time frames recently e.g.: 7.5 pts in a few weeks. Just enter the RMBS symbol in the box . . . click on equities . . . then refer to their "H" button (for "history" of prices) Then click on their option/calls button for the other "goodies". If you like the volatility factor . . . as in RMBS . . . check out CMGI Jan 03 5's . . . . and "racers, start your engines . . . " you could do some calls in near months out of the money sufficiently enough to "cover" in case you get called out (don't let that happen). . . and make some serious dinero . Herm's site will tell you more. jaytee

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