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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: put2rich who wrote (79228)	4/10/2000 1:25:00 PM
From: Knighty Tin	Respond to of 132070

td, I hate selling naked calls. The risk overwhelms the maximum possible return. Really, who could have looked at the horrible fundamental business situation and guess that MU would be at this price? But, given that the stock is not reality based, it could go to $300 tomorrow. That would make me mad as a 90/10 put player, but it would make me broke as a short call seller. I would prefer a pretty wide call bear spread. Sell a call at the current strike and buy one far out of the money for insurance. If you can find one far out of the money at these levels.