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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: Dan Duchardt who wrote (12337)	2/11/2000 2:27:00 PM
From: Jonathan Thomas	Read Replies (1) \| Respond to of 14162

Dan, I'm glad you held out on WCOM...:) I just bought back my puts today for 15/16. I sold them about 4 weeks ago for 5. I can't complain. You still think ABTE is a good bet? I'm thinking about picking some up, or selling puts on it. Pretty cheap at these levels. I'm actually looking for my next set of trades, so if you (or anyone) has any tips, that'd be great. Just looking for good stocks in the bottom of their cycle. MSFT is getting ripe, but the premies are pretty low. I guess its a;; risk/reward. Not much chance of losing money on this guy, so they don't have to give you too much in premiums. I put in an order to buy buy my ROST puts, probably won't get hit on this down day. I sold March 15s on it yesterday at 1 1/6. I started to get nervous that RSI was climbing, and wanted to get out with some profits...so I'd be happy to be called. I also sold March 15 puts on ROST @ 1 yesterday. I figured it to be a decent cushion. I just hope it hovers around 15 for the next month... So, any insight as to what people are looking at would be great. I'm still getting killed on SKS and KM. I might have to roll down on my SKS puts, and I own 2k of KM @ 11. Not much I can do with it at these levels but wait. Good luck... Ryan

To: Dan Duchardt who wrote (12337)	2/11/2000 5:50:00 PM
From: Dan Duchardt	Respond to of 14162

TVGIA MAR40 (New yesterday. Wish I had waited a day to write this one) Wishing it even harder now. I actually tried to put in an order to sell MAR42_1/2 on this yesterday, but it seems those are not trading even though I found quotes. Would love to have written the 45. Isn't hindsight great? The thing that really has my attention now is the 2 point spread on all the quotes. I guess when an option only trades on 1 exchange the specialist can do stuff like that. I was hoping I might get out of this thing early if it stays up here, but with that spread I might be in until expiration. There's not even a decent roll-up opportunity with spreads like that. At current prices it would cost 4_7/8 (9_1/4-4_3/8) to roll up from MAR40 to MAR45. That borders on criminal. Dan