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To: Richard Tsang who wrote (2559)1/5/2000 11:53:00 PM
From: David R. Doerr  Read Replies (1) | Respond to of 3773
 
>> so i put up 29 in order to take in 15 so that is $900 bucks per contract

This doesn't make sense to me, can you be of help?

I'm looking at putting some money in my pocket by writing some puts out of the money right here. I would like to see some more down trend to get the most bang for the buck. Today you could have wrote the Jan. 110 and received over $3. I currently have covered calls at 155, who knows what will happen up until expiration. The premiums on the options are really high, when the stock hit 136 today the 155 calls were still at $9. I see some nice support at 110, that's why I'm looking at the 110s.



To: Richard Tsang who wrote (2559)1/7/2000 12:35:00 AM
From: David Spruiell  Read Replies (1) | Respond to of 3773
 
Buying at $140 and $130 today, I didn't see the total NASDAQ selloff coming. After hrs. trading at $124 and NAS100 futures down 27 tonight. Good news is that we are at 33% correction from the year high, and Japan and HK are up tonight. Just yesterday I told my wife to never buy a stock that is going down. I guess that I will be reminded of my own rules.
Long and dreaming of being in cash
David