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.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (20641)	5/28/2000 3:27:00 PM
From: bobkansas	Respond to of 35685

Hi Dealer! At this point, I do not know. I will post when I figure them out. I expect a rally over the next few weeks. I would like to position myself so that I can most easily roll up and out if I need to. However, I am thinking that if NAZ gets up anywhere to 3700 or above, I would then buy back any outstanding option positions and then sell deep-in-the-money calls so as to pocket big premiums if the market runs back down again to the 3300 to 3100 range. I wish I had understood earlier the benefit of selling deep in the money calls when greed is high in the market. Of course, the above is not the stressless way of covered call writing. Best regards! Bob