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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Georgecc who wrote (11081)	6/20/1999 1:05:00 PM
From: Herm	Read Replies (1) \| Respond to of 14162

Keep your eyes on the ORCL charts. The stock is on a upward charge. Those PUTs will become cheaper as the stock advances. Those CCs will become more expensive so you can afford those PUTs. If you go with shorter PUTs in time, load up with more to capture more leverage in case of a dumps. Or, you may want to consider that those PUTs are not needed with so much good news around ORCL at this point. They have been in the dog house for a long time. You may be able to milk the next ORCL downward cycle and not buy any insurance. You comfort level is what is important.