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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?


To: Douglas Webb who wrote (5678)10/28/1997 5:29:00 PM
From: 4 - Bob  Respond to of 14162
 
Doug,

Your site is A-OK! Thanks for the Plain English refresher on "delta" and "theta". I have got to learn to keep a larger cash reserve in my brokerage account to catch some of those excellent buying opportunities on days like the last couple of days. It seems that whenever I am cash heavy the markets soars and when I am fully invested the market dips. If it wasn't for being able to cash in on long positions in both protected puts and plain naked puts, yesterday's decline would have been more painful (Thanks Herm, Steve and others)

Live Long & Prosper,
4-Bob



To: Douglas Webb who wrote (5678)10/29/1997 3:46:00 PM
From: Douglas Webb  Respond to of 14162
 
Does anyone know if we can take advantage of this:

Look at the Nov options for UGLY:
webbindustries.com

The open interest for this stock is normally less than 150, and hardly ever more than 350. But the Nov 15 Call has an open interest of 1414! This is with UGLY trading at about $12.75. Does anyone know if this is an imbalance that can be taken advantage of? I know McMillian talks about stuff like this, but I never paid much attention, and my book is at home.

Doug.