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Technology Stocks : Vitesse Semiconductor
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To: Columbus who wrote (2368)3/23/1999 4:27:00 PM
From: OldAIMGuy  Read Replies (1) of 4710
 
Hi Columbus, Yes, periodically I do sell some CALL options. However, since I'm usually trading a very small number of contracts at a time, I usually wait for the premiums to build up to a level that makes the sale more profitable for me than for the broker. If I sell just one contract, I like to get at least $1.50. Anything above that just makes me smile a bigger smile.

Looks like I'd have to go out to October $55s to find some activity. There I can get about $6.50. Not bad even for just one contract.

Best regards, Tom
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