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Strategies & Market Trends : Options -- Ignore unavailable to you. Want to Upgrade?

To: steve mamus who wrote (4545)	3/9/2000 9:12:00 PM
From: Jill	Read Replies (2) \| Respond to of 8096

Steve, since you are essentially bullish (as most of us on this thread) just buy calls when you sell puts. You always pick great entry points for put selling. Its true the premiums may be a bit rich but I've been amazed at the leverage. You like leap puts; buy leap calls as taxman did, and tho you may not want to go way OTM, somewhat OTM seems very profitable. It sjust that you lose margin capacity--well actually, I don't know who your broker is, the new rule is leaps are supposed tob e marginable but the discount brokers won't do it. Anyway, I have a six bagger on NTAP calls in just over a month.

To: steve mamus who wrote (4545)	3/9/2000 9:13:00 PM
From: Poet	Respond to of 8096

Buying calls with the proceeds of selling puts (if done on the same stock) is a synthetic long. It's been a great strategy for me on stocks that have momentum but have pulled back.

To: steve mamus who wrote (4545)	3/9/2000 11:16:00 PM
From: taxman	Read Replies (1) \| Respond to of 8096

each week in its regular and expanded editions, value line lists 200 stocks to buy and 200 to sell. i select from among the 400 on a random number basis, until i run out of buying power, buying a call if the stock is rated 1 (most timely) and a put if rated a 5 (most untimely). i usually hold till expiration at which time i sell the in the money puts and either exercise or sell the in the money calls. exercising has thrown my account into a debit balance, but i feel i have enough puts if the market keeps dropping. each option purchase that i make amounts to an outlay of less than one half of one percent of the total value of my account. i generally avoid selling covered calls. regards