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.

Technology Stocks : Lam Research (LRCX, NASDAQ): To the Insiders -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (4238)	7/30/2000 1:35:17 PM
From: Jerome	Read Replies (1) \| Respond to of 5867

>>I am not sure if my IRA permits it;<< Different brokerage firms have different rules. I trade with Fidelity and option trading is allowed within an IRA. The only thing I can't so is sell naked puts.So my options are as follow. 1) Buy and sell stock 2) Buy options by themselves 3) Sell covered calls 4) Buy puts If I can't make it with these four strategies I might as jump in front of the train. >> would hate to see my stock called away from me << Getting called out on part of your position is the best resolution. Take LRCX. Tomorrow buy 100 LRCX at 28, and immediately write an Aug. 30 call foe 1 5/8. Or wait for a rise above 30 and then take what you can get for the Aug. 35. Most of us would love to LRCX back around 35. If LRCX rises above 35 this month write some Aug. 40's. In this group of stocks there is always a good call write. If you get called out of LRCX at 30 or 35 enter a new position with ASYT, KLIC, MTSN, ESIO, or whatever delivers good premium going forward. Not very scientific but it does cover the rent and the beer money. Regards, Jerome