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

To: FNS who wrote (8892)8/8/2001 1:19:41 PM
From: FNS  Respond to of 11568
 
After rethinking...Selling $15 AUG puts can be dangerous...
Doesn't this mean you gotta buy more stock! 15 aug puts already in money! ???

Betterr to sell calls on rally! IMHO!

fns



To: FNS who wrote (8892)8/8/2001 3:43:58 PM
From: shortilong  Respond to of 11568
 
FNS-- selling either puts or calls is the way to go in this market!!! i will not buy anything unless some of my puts are assigned to me.
RE WCOM, i have collected $3.40 from some $20 puts i sold in January, plus the $1.00 i will clear from these puts.
If i am assigned , i will own a bunch of WCOM with an average cost of $10.60 . i think that would be fine, then i can write covered calls on that--

Good luck to us all S Long


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