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To: Mannie who wrote (29337)8/17/2000 6:35:14 PM
From: Dealer  Respond to of 35685
 
Thanks Scott! dealie



To: Mannie who wrote (29337)8/17/2000 6:36:46 PM
From: drenko  Read Replies (1) | Respond to of 35685
 
Hey Scott...

Need that SSTI to go down just a tad on Friday and I can use them again next month!! Just a tad!!!! It will save me the commissions since I feel I could get it next week for about the same price!!!

-drenko



To: Mannie who wrote (29337)8/17/2000 7:03:04 PM
From: Dutch  Read Replies (1) | Respond to of 35685
 
Scott,
In writing my cc's I have experienced a small murphy's law effect. As soon as I buy the stock and go to cover immediately the stock ticks down eroding premium. Then if I write naked and buy the stock to cover my short position it tick up. Tried it both ways and always get caught on negative side.

Still making money, but 1/2 point is something I hate to lose. Any advice?

Dutch