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To: Seldom_Blue who wrote (7348)5/4/2000 3:32:00 PM
From: Poet  Respond to of 8096
 
That's just what I've been doing over the past month, Blue: selling the common on my gorillas and kings at resistance, buying DIM 2002 LEAPS at support, and writing covered calls twice a month, playing the volatility for a little extra income. FWIW.



To: Seldom_Blue who wrote (7348)5/4/2000 6:31:00 PM
From: edamo  Respond to of 8096
 
sb...cc's are best with a stock you want to keep, but don't mind giving up if the price is right for you, and fit in well in the current neutral to downward bias market. the short term as you are using will maximize your gains. buying the calls back should be considered if you can cover with a higher strike and continue your monthly return...


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