EMC How high can it go? Message Board

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Technology Stocks : EMC How high can it go?

EMC 29.05

0.0%

Sep 15 5:00 PM EST

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To: Jeff W. who wrote (3994)	1/25/1999 5:12:00 PM
From: SJS	Read Replies (1) of 17183

Let's be honest, the downsides of doing any covered write are that the stock goes to zero (you win the option premium) AND the stock goes to the moon and YOU DON'T PARTICIPATE :>( Frankly, the latter is more germane than the former, and clearly more probable. Now..........Please answer these questions: 1) What is your expectation for EMC tomorrow, 1 week from tomorrow, 4 weeks from tomorrow. Your range of option strategies are dictated by your answers here. 2) What is your goal with this trading event/decision? To trade the option for a ST down move in the stock? To hold the option to it's expiration, hopefully not getting called? To partially protect your downside? To protect against the earnings event? I think if you answer these questions, you'll have the answer to the one you asked me. Your last paragragh kind of sums up your thinking, so it's immaterial what I think. However, a previous poster asked me about a options straddle and I mentioned that I rarely write in the money options on EMC. The usual disclaimer apply, as I do not intend this to be investment advice. Best of luck!!

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