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Strategies & Market Trends : Drillbits & Bottlerockets

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To: Jorj X Mckie who wrote (5251)3/12/2001 11:54:00 AM
From: Poet  Read Replies (1) of 15481
 
What are you thinking of, Jorjie. Options or underlying? Greg Hymowitz was on Squawk Box this morning and made a good point about buy writes on the best of tech, ie. buying the underlying and immediately writing covered calls on it, taking advantage of the volatility spike.
I tried that with SEBL at $60 a couple of months ago and drove myself crazy writing calls, buying them back when they deflated, and writing at a lower strike. At this point, I'm too scared to buy any stocks (except gold) with the intention of holding for more than a week.
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