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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: zepper who wrote (40530)	3/1/2000 5:09:00 PM
From: Danny	Read Replies (1) \| Respond to of 45548

Zepper. write covered calls is not a good strategy when an underlying stock is expected to either move up or down big time. It makes sense if you believe COMS will pretty much stay in the 85 to 130 range for the next 4 months. In this crazy world, anything could happen! Although I dont believe that 300 price tag B.S., but you never know. If that really happens, you July 115 covered call will make you kill yourself (You know COMS would be 400+ then) My advice is again you either ride the trend and do nothing or buy some put as some kind of insurance.