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Technology Stocks : Wolf speed -- Ignore unavailable to you. Want to Upgrade?

To: Brent Hogenson who wrote (4528)	12/12/2000 3:41:50 PM
From: TShirtPrinter	Read Replies (1) \| Respond to of 10714

Brent, I do a similar thing as you do. Uncle Frank taught me to stay off margin, but he couldn't help with my short term need to gamble, so I get a core amount of stock and then a trading amount that I try to time (ggg), then sell covered options out of the money but only a few weeks to a few months out. If the situation doesn't work out just right, it's already in a stock I want to have some of for the longer run. Doing this with CREE, QCOM, NT, NTAP and RFMD. Thank goodness this isn't the Curmudge thread, I have no idea the label I'd be given <g> Tony PS Looks like I'll lose the trading shares of CREE this Friday, will keep all the others.

To: Brent Hogenson who wrote (4528)	12/12/2000 10:14:06 PM
From: pompsander	Read Replies (3) \| Respond to of 10714

"A recent check on the price of these options lists the Jan 40 Call at 6.5 and the Jan 40 Put at 7.0. Which means you don't make a profit until CREE reaches either 53.5 or 26.5 That is high risk, low probability, but high reward." True. If the stock runs quick, I have been known to buy back the put before the time premium has totally expired, thereby recouping a little on my "bad" side. Then I am at the mercy of the other side, just like a call. Basically, it gives me a little time to try to "guess right". <g>. This straddle worked well with GMST and RMBS earlier this year when both had big news brewing which, either way it went, was going to move the price.