I haven't really entertained your idea that much in the past,
to want to get into it now. Other than simple buyin, to open
selling to close, and writing a few covered calls.
The only other thing I've considered, on the short side is to
buy the call, for cover short the stock,
then you can write a put, that sets a target
were if she gets put to you it closes the short.
Here you make the put money..plus the down side, but lose most
or all of the call money. If she goes up you can call her if
need be..but keep the put money. This is not all that profitable
a lot depends on premium as to if it will even work.
There is a name for it I seem to have forgotten, Mike Burke
knows more than I do about it..I think it's called a "reverse
conversion." I've seen Other exoitic plays as too expensive
unless the premium is cheap, were you take advantage of the
volitility, BUT with AOL they are too HIGH to even consider.
YOu got a lot of hooked almost like JUNKIES in the AOL
options, and they are loseing their rears to the floor traders,
and don't have enough sense to quit.
Jim |
