Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 161.43

+1.4%

Nov 12 3:59 PM EST

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To: Jerome who wrote (9811)	5/13/2001 2:28:13 AM
From: Pink Minion	Read Replies (2) of 10921

If You bought AMAT on Monday at near the closing price of $51.75 and then immediately wrote a June 55 covered call you would net about $425.00. My quote shows a bid of 3.30 ($330) but anywho. If in June you did not get called out (lets say the stock closed at $53/per share) And at that time you immediately wrote the July 55's for at least $425 But what if it goes down to 35 or even lower? When the July expiration comes around and the stock is still under $55 per share you now have a totally free ride Huh? Let's say you got all those prices (100 shares $5175 -425 - 425 = 4325) so you've lowered you cost basis to 43.24 a share. Where's the free ride?

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