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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: Casaubon who wrote (11457)	8/28/1999 10:05:00 AM
From: jaytee	Read Replies (2) \| Respond to of 14162

Casaubon or Herm: If I could get your opinion on a potential in the money call purchase I was considering. Especially, considering your comment on "deep in the money calls carrying no time value premium in a somewhat illiquid market." I'm considering HDLJB HDL(handelman) october 10's. Currently stock price @ 13.375. Cost of OCT 10's (plenty of time value?) is only at 3 5/8 currently. (3 5/8 + 10 =13 5/8 seems awfully attractive relative to the current price) Especially given the stock's outlook and chart: cbs.marketwatch.com also see iionline.com re/ magic 25 , specifically HDL (handelman) looks like its chart is screaming upward. I was thinking that, should it do so, with a time factor of OCT calls working in my favor, there is a chance of this call moving dollar for dollar upward w/the stock price between now and OCT (and probably sooner for a little "side show") I am interested in your viewpoint on the "illiquid market" part, especially. Would it be fair to say, that if there is a low open interest in a call as described above, to date, that there is no great opportunity there (even though the "math works" . . . and perhaps the charts, and timing as well?) Any help from this thread (anyone) would be greatly appreciated. Jaytee