Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (89765)	7/2/2002 12:05:32 PM
From: Jdaasoc	Respond to of 99280

QLGC long position is JUL 35 PUT for $ 3.45. I had JUL 40 and 45 calls out there so I just balancing them up. If we can't hold $33.5, I will combo it up with JUL 35 calls which will yield at least $2 and buy back higher strike price calls for pennies. I play the thing down or up where ever they want ot take it within reason. Capturing some of the time premium decay is all I am looking for. The ultra high premiums covers at least 80% of risk from hold these naked positions. PS I am slowly becoming long, after watching the vast majority of short calls like ZEEV since IMO he aren't going down for the 10 count right now but mostly likely this fall.