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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: cardiologist to be who wrote (9712)	11/14/1997 2:42:00 PM
From: Curlton Latts	Read Replies (3) \| Respond to of 25960

No one should write covered calls. You'ld be taking equity risk for a piddly upside premium. Further, I would recommend that individual investors avoid all options except in very special unique circumstances. It's a losing game with worse odds than the lottery. Warren Buffett believes that options should be made illegal and I agree with him. Once again I would also warn against giving your share count to ANYONE. Mr. Master of the Universe Short Man is desperate to get this type of intelligence. Good Luck To Each And All Curly ~~~~~~~~^^ [6.6] ....> [_]

To: cardiologist to be who wrote (9712)	11/14/1997 5:03:00 PM
From: Greg Jung	Respond to of 25960

ctb, You do not have a safe "out" on stock you wrote cc on. Also from your other posts I noticed you are on margin - presumably when you get a margin call, you have the cash to bring your broker. This is the most dangerous aspect of your positions, balanced only by the upside leverage. However when you write cc, you've taken the upside away and you're only good for the down. "Inverted" risk/reward ratio. If this stock gets to 25 by friday (a valid possibility) that option will be worth $2.5 or so and you're stuck with the downside risk until it expires and your stock is called. I suggest you work your way off margin and simplify your strategy. Greg