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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (8507)	7/3/1999 9:56:00 PM
From: John Meares	Respond to of 21876

Thank you for a good answer. I am from the ASND community. I often sold covered calls when I thought the premium at certain levels was a good bet. I had to buy back some call positions. I also sold naked puts on the way up. I had better success using this process - I never got burned by ASND naked puts. (The same cannot be said for INTC.) But I have no feel for LU. I know it's at a high, so naked puts wouldn't be prudent or very bright. Covered calls would seem a safer bet, but at what strike price, I have no feeling.