How high will Microsoft fly? Message Board

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Technology Stocks : How high will Microsoft fly?

MSFT 479.74

+0.3%

12:03 PM EST

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To: Augustus Gloop who wrote (9066)	7/9/1998 12:03:00 PM
From: Logos	Read Replies (2) of 74651

RE: <<What did you get (premium) for them Logos? Also....how many and how much commission did you pay?>> I sold only 3 110 contracts, for a total commission of about $35. The premium was a little over $400 each (the online broker I used was AB Watley, which is very fast but occasionally hiccups). If I'd waited I'd be getting like $950 each now. Actually, I don't expect to sell covered calls again, especially on a stock like MSFT which can jump so quickly. It was just an experiment and I don't think it was a success, though I suppose a profit is a profit in the end, since I'd bought those shares at $97. I'm just glad I sold only 3 contracts. Logos

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