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Strategies & Market Trends : Options for Newbies -(Help Me Obi-Wan-Kenobe)
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To: Caroline who wrote (884)6/13/1998 12:40:00 AM
From: FR1  Read Replies (1) of 2241
 
Thanks, Caroline. Actually it's www.numa.com although they call themselves numaweb.

I guess I am not wording this right.

I guess what I am really looking for is a list of the most volatile stocks with option chains.

Basically, I want to write covered calls and need to know the stocks with the highest premiums one strike point up at a month out. These would also be the stocks with the highest delta and, as I understand it, the stocks that are most volatile.

If you go to numaweb they have a calculator but they ask you to input volatility and then they grind out the delta factor and others (no list of stocks).

Is it correct to assume that the number of shares traded is not really volatility (as used to calculate premiums)? After all, if a lot of shares are continually traded on a stock but it trades in a vary narrow range, the stock would not have a very high premium. Classic example is CPQ and DELL. For the last few months they both have about the same number of shares traded but DELL has a much higher premium one strike point out. This, I assume, is because DELL has been more "volatile" or able to move up and down the charts.

So how do I get a list of the stocks that consistently move up and down the charts a lot (are "volatile") and have options?
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