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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Freedom Fighter who wrote (68304)	9/27/1999 6:31:00 PM
From: Les H	Respond to of 132070

Dow 36,000: Ain't Math Fun newsweek.com Economists Urge Fed to Raise Rates dailynews.yahoo.com

To: Freedom Fighter who wrote (68304)	9/27/1999 7:06:00 PM
From: Henry Volquardsen	Respond to of 132070

Wayne, I try to keep it pretty simple. I look to sell short dated options, a month or less remaining. I look for options that are trading at an implied volatility which is higher than historic volatility. Then I used some technical tools such as Bollinger bands and stochastics to identify oversold or overbought stocks. I then write for a correction, puts on oversold stocks and calls on overbought stocks. I have a group of stocks that I monitor so I have a feeling for their 'biorhythyms'. I also like to have an offset portfolio, writing both puts and calls to give me some protection from the general market. Henry