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To: she_x who wrote (9158)3/24/2000 10:30:00 PM
From: lurqer  Read Replies (1) | Respond to of 35685
 
i'd rather not make him happy.

I'm a firm believer in the way to get wealthy is to avoid Uncle Grabby Sammy. If that's your goal with your "older" gorillas then you must realize that is a different game than the Beano game. In Beano getting called is almost irrelevant. Now to be sure some try to do both simultaneously and end up having to buy back their calls at the "last minute" when the time premium has evaporated. I've yet to try Beano, although I may this summer.

I haven't written CC on MSFT. If the DOJ suit is soon over I may start writing puts again when I believe it's undervalued. My INTC learning experience was long and painful. I made this post to V soon after joining SI.

Message 11689892

More recently I've made CC plays on CSCO. e.g. last month I sold Mar 140's on CSCO that were profitable. Today I tried to sell some Apr 85's (when CSCO was above 81) but the MMs did not like my limit price. As you can see, I wait until I believe CSCO is way overextended and then chose an OTM front month (OTM = out of the money, front month = the next expiration month, now April) strike. I'm prepared to buy them back if necessary, and if the opportunity doesn't present itself I'm patient and wait. This is very different than Beano. But the goals are different; income (or stress reduction) is not the "raison d'etre".

Hope this helps. Just another perspective.

lurking...

lurqer



To: she_x who wrote (9158)3/24/2000 10:45:00 PM
From: techguerrilla  Read Replies (1) | Respond to of 35685
 
She_sp.ed.

You are one total stitch.

You can always avoid getting called out by buying back the call right up to expiration date. If you think the run is peaking, roll out the call to the next month. It's as simple as that.

Of course, I'm assuming that a woman of your stature has the cache to buy back the call. But anyone even talking about Ferraris must, in fact, have a little chump change hanging around. No?

Love you, SheBabe
John



To: she_x who wrote (9158)3/24/2000 11:25:00 PM
From: Dealer  Read Replies (1) | Respond to of 35685
 
find somebody who does solid TA, fixate on low probability target price, and write calls 2-4 months out at that strike price

make JW an offer
no need to keep it clean
/ Dealer



To: she_x who wrote (9158)3/25/2000 9:44:00 AM
From: invictus  Read Replies (1) | Respond to of 35685
 
same problem here

have lotta INTC/MSFT that I would love to write cc on but the tax consequences of being called would not be pretty...if you develop a scheme that works, please post it

thanks

EJ