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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Nancy who wrote (15709)	12/18/1997 9:28:00 AM
From: Tom Trader	Respond to of 50167

Nancy re>>why not sell calls & buy puts simutaneously ? what is the reasoning behind it to do it separately ?<< Quite simple -- trying to get a better price for the calls I sell. Like AMAT could reach 31, CPQ to 59-60 and ALT to 39.

To: Nancy who wrote (15709)	12/18/1997 6:59:00 PM
From: Tom Trader	Read Replies (6) \| Respond to of 50167

Nancy, I sold Jan 25 calls on AMAT today after getting a sell signal on the futures Also sold the LU Jan 75 calls and bought the LU puts -- several months out. I will look to close out the AMAT and LU calls for about half the price that I sold them for--this will, in effect finance most of the cost of my puts in AMAT and part of the cost of the LU puts. Should have sold calls on CPQ yesterday. Now looking at NKE, AET, UNH, CXC, SUNW, NXTL, WDC, QNTM, GHV and QCOM--to structure initial entry. Also checking out APM. Will need to wait on PHYC. Great opportunities to own quality stocks -- at reasonable valuations. With proper protection and a long enough time frame, this approach will pay-off in spades--I am sure of it and that is the way that I am playing it. Like I told OJ--buy when no one wants to own them and sell when everyone says to own them. Regards