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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 158.75-4.6%11:09 AM EST
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To: Gottfried who wrote (9816)5/15/2001 8:57:58 AM
From: Jerome  Read Replies (1) of 10921
 
Gottfried, that's a good site worth a bookmark. He was saying sell the May 50's if AMAT hits 54.50. I would say about the same except that the June 50's or the June 55's should be sold.

His suggestion comes on May 10th when there are only 9 trading days left in the options period. I'm going to e-mail him to find out the reason for the delayed call.

I do know that there are a group of option writers that wait until the last 7 to 10 trading days of a period to write covered calls because they want to see about how the month is going to play out.

I still believe that we are entering the golden age for covered call writing because there is absolutely nothing that will drive the Nasdaq or the QQQ up 30% near term. And the volatility is not going to decrease.

In this market pick your favorite tech stock and write a "at the money covered call" one month out. This will net about 8 to 10% a month. Play with quality cheap stocks like CSCO, ORCL, SUNW, CPQ, because a $2000.00 error (stock purchase price) is preferred over a $5000.00 error (AMAT, NVLS, KLAC).

Now you guys know everything I know plus everything you know and I'm at a disadvantage.

Regards, Jerome
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