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 : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (22005)	11/19/2004 9:10:51 AM
From: TobagoJack	Respond to of 110194

Russ, <<With a 12 VIX, they are priced cheaply in indexes like MDY, IWM, RTH, XLY, XLF, QQQ ... pay for them by writing naked calls on very expensive silly season stocks like GOOG, RIMM, TASR ... homebuilders like MDC, KBH, and TOL also have expensive calls that can be sold. SMH is pretty expensive too>> A tip of the hat to you and may the Force be with you. I could not take the pain any more Message 20772098 I will try again a bit later. Do not want to be run over by the freight train in December or the motor car in January. Chugs, Jay

To: russwinter who wrote (22005)	11/20/2004 7:29:57 AM
From: daffodil	Read Replies (1) \| Respond to of 110194

<<The homebuilders like MDC, KBH, and TOL also have expensive calls that can be sold.>> Yikes, you're right. The premiums on TOL OTM are amazing. With TOL at about 52, you'd still get hit with a minimum OTM margin requirement of at least the premium + 5.20, but still they're appealing, even for those of us who hate to go short. I'm starting my "TOL trolling" this weekend...driving around to some of the TOL and PHM sites in my area to see what state of development they're really in, since it's it's almost impossible to tell from their websites. I'll pass along what I learn. }=>-------->>>>