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To: Gottfried who wrote (10359)10/27/2005 1:36:26 PM
From: Sam Citron  Read Replies (3) | Respond to of 13403
 
SYNA SO 2 SYNA DEC05 22.5 COVERED CALL Option QYGLX 1.50
It certainly is volatile. I am gradually building a covered write call position against my long stock position, but I am writing 22.5 and 25 calls, not 20s. I believe you have a somewhat lower cost basis in your long shares, however.

Sam



To: Gottfried who wrote (10359)10/27/2005 1:57:43 PM
From: Sam Citron  Read Replies (1) | Respond to of 13403
 
OT SYNA resistance is around 25. It wouldn't surprise me to see it test that level over the next month or two. If it can clear this level, the chart looks very constructive to me, with an intact series of higher lows (latest 15)and higher highs (latest 41). Seasonals are also favorable.
bigcharts.marketwatch.com