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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?


To: Jerome who wrote (3187)10/14/2008 3:24:07 PM
From: kaka  Read Replies (1) | Respond to of 5891
 
Jerome,

re: 'I'll stick my neck out and suggest GM...Buy the stock and sell some calls against it....sell some puts below the stock's current price.'

How many shares? Covered calls for which expiration/strike? How many put contracts at which expiration and strike?

cheers,



To: Jerome who wrote (3187)10/14/2008 4:25:19 PM
From: willcousa  Respond to of 5891
 
How about some of the dow 30 with great dividend yields? Merck, pfizer, mcdonalds?



To: Jerome who wrote (3187)10/14/2008 9:36:49 PM
From: robert b furman1 Recommendation  Respond to of 5891
 
HI Jerome,

I bought 3000 GM @ 5.70 held them on Thursday washout and flipped them Monday.

I'd buy them back below 5 again this time.

I've been scalping Cohu,Kvhi,and wanting to get into Thor,but I missed the best entry on Friday.

I'm a nervous flipper here - can't seem to muster up conviction - might just be a healthy thing.

Bob