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.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: L. Adam Latham who wrote (101316)	3/22/2000 5:06:00 PM
From: Elmer	Read Replies (1) \| Respond to of 186894

Re: "Do you or anyone know how to get a higher strike price listed by the CBOE, such as $165, $170, or higher?" There are $170 leap calls but I assume you don't want to go out that far. Otherwise you'll just have to wait till they open those strike prices. I'm waiting too. EP

To: L. Adam Latham who wrote (101316)	3/22/2000 10:17:00 PM
From: nihil	Respond to of 186894

If you are worried by the commission costs you shouldn't mess with covered calls. It isn't the commissions but the spreads that eat your profits up. When you put in an order to sell, place your limit price just under or at the ask, and if it is an oral order instruct the broker to put in an "agency" order good till cancelled, (meaning they put it on the floor instead of trying to scarf the entire spread themselves. If the stock keeps going up and you don't want it called away, just roll it forward, buying back the calls (a teeny above the bid) and selling the next call up. There is no guarantee you'll make money this way, but you can usually make something extra on a growing stock. Really good for IRA's.