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Politics : Ask Michael Burke
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To: wlheatmoon who wrote (50355)3/7/1999 2:43:00 PM
From: Don Lloyd  Read Replies (1) of 132070
 
MKC - (...My take on gold would be to buy and write shorter term calls...)

MB's post caused me to look at NEM and ABX and to do a buy-write on ABX at 17 7/8 with March 17 1/2 calls at 15/16 and also sell March 17 1/2 puts at 7/16. ROI of about 2.5% for 12 trading days (or 5% if you don't count the cash securing the puts) for a March 19 close at 17 1/2 or above.

The problem with the shorter term buy-writes is that there is no guarantee of good re-writing conditions. OTOH, I only count income on a monthly basis, as even that exceeds my food input cycle.-g-

Regards, Don
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