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Strategies & Market Trends : Tech Stock Options

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To: Joseph Francis Torti who wrote (37710)3/30/1998 9:46:00 AM
From: Electric  Read Replies (1) of 58727
 
Joseph,

I will throw in my 2 cents...

I have done CC's many times, I think that July calls are way way way too far out there.. go closer. You are limiting your upside potential on CPQ by obligating your shares until July..

I would think that CPQ has much more upward potential than downward movement, but thats only my thoughts on the Co..

writing a CC for 500 dollars is great, but on a 9,000 investment, I would be happy only if that were a 1 or 2 month hold.. thats what I shoot for. I go for 10-15% non margined per month..

Like Judy says I hate to watch paint dry on a wall, why obligate your shares that long?

FWIW

E the golfer...
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