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Strategies & Market Trends : WR's Covered Calls -- Ignore unavailable to you. Want to Upgrade?

To: Wayne Rumball who wrote (12)	10/26/2000 9:24:39 PM
From: Wayne Rumball	Read Replies (1) \| Respond to of 68

CMOS premiums are eroding while the stock remains stable :-) Something interesting I've noticed over the last week. On stocks that tank big time in one day the option premiums are HUGE because they are new price levels. Now I'm looking at stocks that I used to simply buy for a bounce to get 10% out of, and now can lock in 30-50% buy writing the calls instead of selling the position. Of course it has to be a stock that looks overly beaten up and would probably move up in the next couple months. Anyway if it doesn't the downside becomes minimal. CCRT bought around 26 today for a bounce, then wrote dec calls in the $4 range. NTRO bought around 18 and wrote calls for 5 5/8 A post to someone on my thread; Message 14671040