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

To: PAL who wrote (5629)	3/27/2000 3:36:00 PM
From: lurqer	Read Replies (1) \| Respond to of 8096

There are some stock that you want to stay away from selling CC. CSCO is one of them. I have a lot of respect for your obvious ability, but I just don't agree with the above statement. I've had considerable success writing CC and naked calls on CSCO. Given the large institutional participation buying frenzies frequently cause the stock to get ahead of itself. Last month when a reallocation of the S&P 500 caused an upward blip, I sold Mar 140 for over 4 that expired worthless. I like situations where both the Naz and CSCO are simultaneously over extended, for then it's unlikely CSCO will "run" on me. In this chart provided by LG, you can see the upper channel that defines what I mean by overextended. marketdirectionanalysis.homestead.com Just another perspective. lurking... lurqer