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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (13106)	8/2/2000 7:18:19 PM
From: George the Greek	Read Replies (2) \| Respond to of 14162

Just discovered the thread. Since it is long (13,000+), can someone point me to interesting rules, policies, modeling, summaries, pithy tutorials, mechanics and such? I'm interesting in introductory information, answers to simple questions, like: if you write calls, what are the market dynamics for producing a buyer, and what are the obligations of the clearing corporation? I've looked at CBOE introductory stuff in the past, but long since forgotten... I've sometimes looked at CBOE option quotations, and seen remarkable discontinuities in certain options, which do not seem to track the pricing of the surrounding, similarly priced options. For me, there is much to learn... Thanks. George

To: Herm who wrote (13106)	8/3/2000 3:55:54 AM
From: jaytee	Read Replies (1) \| Respond to of 14162

Hi Herm Anyone have thoughts about Virgil's CLZR? Here's weekly chart siliconinvestor.com What do you think about the FEB 01 7.50's (buy @ 4) and NOV 12.50's (sell @ 1.125) approx 29 pct. Thought about earlier expir'y dates to squeeze in more (sooner) round of cc play . . . but perhaps that's a bit greedy? Maybe only a good idea if there was to be a downturn in stock before the SEPT expiry date (and cover/and sell cc again). . . but that doesn't look to be in the cards as the stock looks to be heading north? Having seen the chart I thought maybe the further out date of NOV would be preferable . . . and the 12.50 call sold would make sense (?) as the 12.50 level is attainable . . . and if I were to get called out I would pick up another buck over my "nut" of 11.50 (4 cost plus 7.50) Can anyone offer opinion? jaytee