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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: LemurHouse who wrote (4170)	3/4/2004 1:12:44 PM
From: J F Allen	Read Replies (1) \| Respond to of 5205

Yes. However Techs have been doing well so all is not lost.

To: LemurHouse who wrote (4170)	3/5/2004 7:51:32 AM
From: robert b furman	Read Replies (1) \| Respond to of 5205

Hi Andrew, I've sold some puts - out into May and September. I'm hopeful of being able to accumulate the stock at below market prices by having the stock put to me. The decay of the time premium hopefully will result in a good price addition. It looks (I'm out 6 days till expiration) like the Oracle March 12.50 I sold last year for 1.50 will end being cash I can keep(7500 - commissions) vs 5000 shares I could buy with a net cost of 11.00 (plus Commissons). This slight correction in the Naz has enabled some put premiums to create attractive purchase prices on SOME stocks. Note to all: Do not do this unless you are comfortable buying the stock at the net acquisition price.If you are ok with that, then accumulate the stock or at worst end up with cash and a revenue stream. Bob