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Technology Stocks : Oak Technology (OAKT)
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To: AreWeThereYet who wrote (4035)5/6/1998 11:46:00 AM
From: Bald Eagle  Read Replies (1) of 4335
 
If you really think OAKT is going nowhere for several months, you could sell some covered calls to generate income.
That's what I did. I sold SEP 7 1/2 covered calls. That put my basis to close to 6 instead of 6 1/2, so I'm not down as much as I would have been. If my shares get called away in September at 7 1/2, I will have made 25% in less than six months, which is a very acceptable return to me. If they don't get called away, I can sell some more.
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