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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (13578)	2/4/2001 2:42:21 PM
From: BDR	Read Replies (2) \| Respond to of 14162

<<My qcom feb 90's are looking pretty vulnerable.>> What does that make my Feb 85's.(g) I will be interested to see what suggestions Herm may offer. My 85's still have about $4.50 of time value, making them expensive to buy back and rolling up and out for a credit is difficult. I can do that to the Mar 90's but I don't gain much by doing so. In my taxable accounts I may look at the May 95's or 100's. Right now my inclination is to wait and see where the price goes and let more of the time value expire. In the tax exempt accounts I am tempted to let them get called and look to re-enter later. PS- does the G&K thread know you post over here, or is this not you but your Evil Twin?

To: Uncle Frank who wrote (13578)	2/5/2001 12:23:09 PM
From: Herm	Read Replies (1) \| Respond to of 14162

WHO SAID ANYTHING ABOUT BUYING OTM LEAPS? Hello Uncle Frank, I'm trying to figure out how I gave the impression of advocating out of the money LEAPs PUTs or CALLs as the buyer of LEAPs to perhaps write spreads. You will NEVER hear that from me. Perhaps, I would write a spread that is out of the money. But, I only buy and advocate DEEP in the money LEAPs as surrogate for the stock. I wrote over pages on the subject in my LEAPs Spreads Learning Modules. I'm going to release a condense free version soon! So, Uncle Frank. I'm sorry if you misunderstood my position or I gave the slightest overtones of being a buyer of OTM LEAPs.