VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: FR1 who wrote (32323)	3/5/2001 7:42:22 AM
From: edamo	Read Replies (2) of 65232

fr1..."selling calls at the bottom" in the case of the atml calls i sold, worse case if they are called away, i more then double my money in ten months...but the real reason is that the premium doubled on a dotm strike with the stock showing strength....200 contracts gave me 20k premium...the bid ended at 3/4, against my sale at 1.....even if the stock firms and moves higher near term, the volatility will normalize, and i should be able to cover with a 1/2 point profit.... write calls at the bottom not good strategy, but if there is a burst of volatility at that point, nothing wrong with capturing same....

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