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.

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

To: lurqer who wrote (5630)	3/28/2000 3:27:00 AM
From: PAL	Read Replies (1) \| Respond to of 8096

I've had considerable success writing CC and naked calls on CSCO. Congratulations on your success writing CC and naked calls on CSCO.Thanks for the link for CSCO chart. You probably notice that my main activity is writing puts and use the money to buy calls (synthetic longs), so my writing CC is only done occasionally when I feel that the stock is just moving sideways like Dell a few months back. I am bullish on CSCO such that I am at the other side of the coin: I hold a lot of CSCO Jan01/50 Calls/Leaps at zero or negative cost. Your strategy of selling calls on CSCO is OK in my book although I prefer not to do it. As a matter of fact there are many different strategies that are sound, and we can choose the ones that suit our investment style. Dismissing selling naked puts and CC as silly is just showing one's ignorance. As a side note: I think among Douglas five, WCOM would be the only one I would sell call. Best regards, Paul