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To: Tom K. who wrote (393)6/22/2000 3:31:00 PM
From: edamo  Read Replies (1) | Respond to of 1115
 
tom...hit sdli right..perhaps close the 330's(july?) sell the puts(july)...



To: Tom K. who wrote (393)6/23/2000 12:17:00 PM
From: PAL  Read Replies (1) | Respond to of 1115
 
Hi Tom:

Your significantly writing OTM calls (SDLI July 330) is exactly what edamo has been warning newbies not to buy SOTM calls since the buyers are just throwing money into the trash can. We would rather be that trash can!!

The gambling mentality would like to have appreciation ten baggers etc while the option writers are just collecting those premium over and over again.

Paul