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Technology Stocks : DoubleClick Inc (DCLK)
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To: William Casteel who wrote (1060)3/23/1999 7:24:00 PM
From: LWolf  Read Replies (1) of 2902
 
William... have you considered....
writing covered calls on your stock....this is something I've done occasionally. Premiums on internet stocks are great because of the high volatility. April premiums on DCLK are pretty good: April 165's @ ~25, and April 195 @ ~14. The ideal time to have bought these, would have been when you bought the stock (buy/write). Covered calls are a great way to reduce your expense or even sell stock if you buy deep-in-the money (sorta like having people pay you to sell your stock). Plus you can keep writing them, month after month. If the stock is not called on you... your CC's could probably eventually just about pay for your initial investment.

I think I might go for an April 195. Don't know why I didn't think of this sooner; probably because we're creatures of habit, and I usually just buy plain ol' ITM calls.
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