Wade Cook /Rolling Stocks Message Board

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Strategies & Market Trends : Wade Cook /Rolling Stocks

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To: John Lacelle who wrote (1637)	4/25/2001 8:58:34 PM
From: hlsjones	Read Replies (1) of 1647

John If you really want to breath life back into this thing I'm game. I do a lot of CCs and work heavily with LEAPS. I make good positive cash flow every month. I usually average about 8-12% per month. That's not good enough for most of the people on these boards but it's great for me. Last play was a Dell 03-10 LEAPS with a May 27.50 sold the same day. Played on March 30 with a potential return of 14.4% in seven weeks. On the Dell dip yesterday moved them out to Jun30s for a return of a little over 30% in 11 weeks. Thats about 12-13% per month and if I'm not called I still have 18 months to call Dell at 10 and keep writing CCs the whole time. A long time before the LEAPS expire I will have reduced my basis to zero. Where do you think Dell might be in 18-20 months? I think you can safely bet over 10 - way over 10. Harry

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