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

To: ChrisJP who wrote (8625)	10/28/2000 7:49:32 AM
From: Wayne Rumball	Read Replies (1) \| Respond to of 11130

Very good analysis Chris. However, I'd never write a call on a $10 stock that was only offering $1 for Feb $3 minimum. Most of the calls I've written give 30% premioms. COVD was nuts, they were giving 60% on a $5 stock. If I'd only had more free cash.......... NEW options seem to give the best premium, when a stock tanks 50% on earnings that's when you find the most attractive option if you are writing. If you are buying run away. The premiums erode very fast after the tank as well.