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To: Voltaire who wrote (9463)3/28/2000 9:27:00 AM
From: candide-  Respond to of 35685
 
Thanks Volt, You read my mind, I am 100% covered and thinking about uncovering 1/2 the position going into earnings.

I feel some momentum building, don't you?

C-



To: Voltaire who wrote (9463)3/28/2000 10:45:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
got half my Qshares covered with April 165's

feeling very uneasy during this experiment
wrote them early, against advice I gave friends
I said wait for first signs of a move over 145-147
I didnt, wrote the sumbitches at Q=134
so far, the calls are down 150%
so the written premium could have been enough to pay for Beemr
instead it paid for downpayment, shithelldamn
or as my West Virginny friend once again "fickinbealshih"

I also think 165 will come down to the wire
that is why I chose 165 early last week

thanks to all for kind replies
most of you guys would still have trouble passing as jackasses

where oh where is my elusive little Angel?
every young girl needs her own hobbyhorse!
/ Jim



To: Voltaire who wrote (9463)3/28/2000 11:01:00 AM
From: Jim Willie CB  Read Replies (5) | Respond to of 35685
 
Lernout & Hauspie announces acquisition of Dragon SW
Dragon is from my backyard in Massatwoshits, and a leader

I read Dragon is working on a voice recognition package that understands most southern dialects of english

they said publically that the shifted diphthongs, dropped ending consonants, and muffled mumbling characteristic of southern was finally overcome after opening a skunkwork shop in Natchez, Mzippi

this could be big
my contrived version is of the Carolina variety
my fave dialect
/ JW



To: Voltaire who wrote (9463)3/28/2000 11:33:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 35685
 
on options, another income producer using written calls

when with Dealer Babe in Lauderdale, when I wasnt panning the room for DoubleD's, searching the spare bedroom drawers for falsies, we discussed an idea of mine

sure, write calls to cover half your shares
but suppose you own (as I do) a scad of July calls
purchased them in February and early March
havent accumulated any more of them, since a scad is a scad

holding inmoney QCOM calls, July 140 and July 150 contracts
let's focus on July 145 for argument sake
here is the idea
sell nearby calls at a strike price likely to be just above the expiration date closing price
this would create a spread (both calendar and price)

so against the July 145, sell rights above 165 or 170
sell April 170 calls, in this argument
that would bring in 4-6 pts

if QCOM shoots north without bound, you got a minimum 25 pts gauranteed, but you must buy back in order to avoid having shares called away unintended

if QCOM falls short of 165 at expiry, then you bag the written spread call premium, yippie

after a successful resolution of such a spread written call, the process can be repeated with a May 165 or May 170 call

what do you think?
/ Jim Willie