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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?


To: Uncle Frank who wrote (60773)8/7/2002 8:50:01 AM
From: Jerome  Read Replies (1) | Respond to of 77397
 
>>>I'm looking to write Sept. covered calls into any strength. You do have the options covered, don't you? <<<

Options covered? Do you mean using a bull spread? (Sell the 12 1/2's and buy the 10's at the same time).

At this point I think the biggest error is doing nothing. What I try to do is the following. Write covered calls against 1/3 of my position, Short term trade 1/3, and 1/3 LT/BH..

JMO...Jerome

Jerome