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Strategies & Market Trends : Value Investing
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To: Michael Burry who wrote (1954)9/25/1997 5:09:00 PM
From: Allen Furlan   of 78700
 
High Michael, didnt you post to a thread on commodity spreads a year or so ago? On subject, value plays can often come out of the dust of fallen angels. My last 2 put sales were chk march 7.5 at 1 and docsf feb 5 at 9/16. I will hold chk at net price of 6.5 and docsf at 4 7/16 if assigned next year. If not the premiums earn an annualized return of 100%( based on 10% margin requirement,less annualized return if options slip into the money). Another strategy is to sell ratio calls, for example just bought abti stock at 3 3/16 and sold 2 march 5 calls at 5/8 for each 100 shares at net stock price of 2. Will buy back half of options sold should stock reach 5. I believe you followed abti and would like your opinion on its value at price of 2. I know this is a value thread and thst is what I look for but use the twist of writing puts as a substitute for buying the stock. For a straight buy in a tech stock look at cada.
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