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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: maui_dude who wrote (124202)	1/4/2001 5:44:05 PM
From: Hightechhooper	Read Replies (3) \| Respond to of 186894

Maui, Thanks for the thoughts. Yes, I have considered farther out options but I have decided (at least for now) to try a strategy of writing out of the money calls (10-20%) with 2 weeks left to expiration. Given I expect the price to rise in the long-run I am hoping to take advantage of smaller premiums but do it every month. If I can write for $1 each month then I could get $6 worth of benefit in six months (versus a smaller premium if I wrote farther out at higher strikes). This is all new to me so I am experimenting and very open to other alternatives. Hopefully, I won't lose my stock during this experiment!! thanks and take care,