ephud,
I currently have CSCO contracts in the account which I report trades on this board. I used to play in and out around 17.5, but over the past few months raised my short put strike to 20. As CSCO has floundered and fallen below 20, I've hedged the puts (which I roll and roll for net gains) with naked calls @ 22.5 and 25, but for farther months out. Total CSCO plays have been pretty profitable, but each time I sell puts on it, I get more and more nervous!!!!
In a different account, I have small plays in EMC. Currently have short puts at stike of 13 for Nov, and covered calls @ 15 for Jan. I guess that a calendar covered short strangle (or something like that...I never can remember those dumb names).
I've never traded AMAT.
As I alluded to earlier, my best and favorite play besides DELL has been HD. Nice profit for many months and never owned the stock. I just followed it up from 20 with puts a strike or two below where the stock was trading.Currently have short puts from Nov, Jan, and Feb. But, this play is finally wearing thin; Its a stock I no longer trust at these lofty levels and rising interest rates. I continue to look at AMD.
Cheers,
kaka
ps which other sites do you post?
|
