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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: ajtj99 who wrote (29310)2/11/2002 4:24:32 PM
From: William B. Kohn  Read Replies (2) of 99280
 
I initiated two short positons today selling naked calls on EMLX and MU. My thought is that EMLX has been looking week and with the downturn, the March calls (37.5) @ $6.80 may expire worthless giving me a decent return. Similarly although MU has been showing a great deal of strength, I cannot believe that it will continue given the TA that we've been discussing here. I sold the March 40's @ $1.80

That is how I'm planning to play the downturn that others here have been discussing.

bill
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