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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (3634)	4/23/2006 11:13:24 AM
From: Jerome	Read Replies (1) \| Respond to of 3813

Hi Gottfried,.....This probably the best covered call market in many years. Its tech stocks vs the oil patch. When oil prices slide tech stocks and the market rallies. When oil prices rise (like Friday) tech stocks and the market crashes. So there are many opportunities to write covered call and to undo them as oil prices spike. Looking at things right now (today) the best covered call position for this week will be HPQ (sell the may 35's). Buy NVLS and sell the 25's, If Amat drops below 18 I'd be a buyer and cover with the 18 strike. Because of the unpredictability of oil prices, this month I'm writing covered calls at the strike nearest to the price. This gives the best premium. After all if you are going to take risk you best get paid well for it. For this week LSI looks interesting. LSI closed at 10.00 and the May 10's are worth .55. Earnings ar on WED. and they will move the stock. I don't know which way. Game your own plan. KLAC, which reports earnings on Thursday is a situation worth watching. Take Care...Jerome