Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Getch who wrote (7435)	3/14/2000 1:04:00 PM
From: candide-	Respond to of 35685

Hi Getch, good to see you in ELON. I've got something I've got to do, I'll check back later. C-

To: Getch who wrote (7435)	3/14/2000 1:34:00 PM
From: Voltaire	Read Replies (3) \| Respond to of 35685

Hi Getch, one thing you left out of your list was what you sold your Mar 90's for, very important. 1. You sold I assume 5 contracts for approximately $1,600 per contract or about $8,000. 2. write new calls for $8,000 3. Receive about a third of appreciated value because stock price has increased about a third more than the calls, for about $500 x 5 = $2,500 Total Revenue $18,500 total cost 7,500 to buy back. Net gain so far $11,000 without appreciative value for the upcoming month. That is about a 24.4% return on your money of $45,000 and if you had done it on margin it would be about 48.8% and you have yet to get a third more of appreciative value for the upcoming month. Not bad! V