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

To: Tom K. who wrote (7787)	5/11/2000 1:32:00 PM
From: edamo	Read Replies (1) \| Respond to of 8096

tom....nothing is ever easy...inspite of what many have ingrained in their heads, based on the last five grand years! got a feeling in my bones, that we will see a trend reversal within the next 45 days.....need to get the fed fear and rising rates out of the real economy....

To: Tom K. who wrote (7787)	5/11/2000 1:42:00 PM
From: PAL	Respond to of 8096

Always dangerous when the first trade is profitable.... you think that it's all this easy. How true, how true. One can go overboard without really weighing the consequences. Paul

To: Tom K. who wrote (7787)	5/11/2000 2:24:00 PM
From: Jeffry K. Smith	Read Replies (1) \| Respond to of 8096

Tom, Now to sit back and watch for any corrective action that is needed...... sweaty palms until I get use to this side. Naked calls make me more jittery than anything else I have done. I have rarely been successful with them. I am now moving towards heavier use of TA to decide when and if to sell them. In the past few "paper-trade" situations using TA I would have done well. What methods do you use to decide how (what strike in relation to current price) and when to sell naked calls? Regards, Jeff Smith

To: Tom K. who wrote (7787)	6/8/2000 5:16:00 PM
From: Tom K.	Read Replies (1) \| Respond to of 8096

Re: Naked Calls Last month with the change in market direction, I moved from naked PUTs to naked CALLs. This was something new for me, and I promised to provide an update. Here's what happened... 5/3 sold 30 BBRC Jun 75 @2.75......5/22 bought @.625 net $6,343 5/3 sold 20 SDLI Jun 230 @9.357....5/31 roll to July 250 5/11 sold 30 CHKP Jun 210 @6.125...5/30 bought @1.75 net $18,886 5/11 sold 30 SEBL Jun 210 $6.625...5/30 bought @1.6875 net $14,536 Total income = $39,765. I'm pleased with how this strategy worked out, but I can't say I'm comfortable with it yet. Found myself watching it constantly. The down side is that I still have the SDLI CALLs open at 250 for July, although there is plenty of room to roll up and out some more. I'm watching this one closely. With the market looking like it's done its damage, I'm now back to the more comfortable arena of PUT selling which I know better. Tom