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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: ynot who wrote (20739)	8/26/1999 11:41:00 AM
From: Jeffrey Lee	Respond to of 43080

HLTH looking pretty good.

To: ynot who wrote (20739)	8/26/1999 1:01:00 PM
From: Ira Player	Read Replies (1) \| Respond to of 43080

ATHM has been good to my IRA as a covered call vehicle. I have held ATHM 3 times, selling calls 5 times against them. My current position, entered 8/16/99 is: Bought ATHM at 39 1/8 Sold AHQIH at 3 3/4 (September, strike = 40) Breakeven at September 17 (18 actually) expiration is 35 3/8 Profit if above 40 is 4 5/8 If below 40, sell October calls If entering a position today (I wouldn't, expect a small pullback) it would be: Buy ATHM at ~42 Sell AHQJT at 4 5/8 (October, strike = 42.5) Breakeven at October 15 (16 actually) expiration is 37 3/8 Profit if above 42.5 is 5 1/8 If below 42.5, sell November calls I'm a bit conservative in the IRA and like covered calls for that reason. You have downside "buffering" at the cost of some upside potential. Good luck, Ira