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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: Herm who wrote (11279)	7/22/1999 11:29:00 PM
From: David Wright	Read Replies (1) \| Respond to of 14162

Herm I'm Honored. My words on puts are yours to use. Anybody got a clue what direction IBM is going to go tomorrow? I feel like my 5 aug130 Calls are the mother of all vipers right now. I sure do like my GTW puts though. Sort of eases some of the big blues. IBM will come back...won't it? There is a God...isn't there?

To: Herm who wrote (11279)	7/23/1999 8:10:00 AM
From: sandbag	Read Replies (1) \| Respond to of 14162

Herm and all, To anyone wondering what the value of protective puts are in CC positions, watch the open on SNRS this morning. Take a look at the prices for the puts before yesterday and what they will be worth today, ATM, ITM, or OTM. I had a position which I closed out at breakeven a few weeks ago. If it were still open the day before yesterday (stock halted yesterday for FDA meeting), then I would have bought some of that insurance and would be happy I did. This is just an example to watch, because you never know. Regards Barry