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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: Herm who wrote (4877)	9/19/1997 12:44:00 PM
From: william busby	of 14162

Herm Wonderware has had a slight pullback to 18 from20 Earnings out after close Oct 9 Will take a 1.9 mill write off (close a lawsuit) against earnings,but investor relations says "street will be looking at operating performance" I think sales will continue to be good so the numbers should support continued growth. Would you look at the Oct or Jan calls? 17.5 Oct@ 1 11/16 Jan@ 3 20 Oct@ 5/8 Jan@ 1 7/8 22.5 Oct@ 1/8 Jan 1 3/16 Being bullish think Id take Oct 17.5 looking for it to pop back to 20.But the Jan will give longer and potentially even more productive ride. Put wise Oct 17.5@ 13/16 or Oct15@ 1/8 Would be some inexpensive insurance. Your thoughts always valued. Bill

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