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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: Linda Kaplan who wrote (6217)	12/21/1997 1:07:00 AM
From: R. Gordon	Read Replies (1) \| Respond to of 14162

Linda, Oh my, this is disturbing - the tech stocks have really been the pits. What I meant was that if you decide that you will be getting enough profit when you wrote the call, being called away is ok. Better if you can keep the stock for another round, but take the money and run if you can. I am becoming a big believer in "crash insurance". A little late for that I'm afraid in your case (and mine). Cheap puts would limit losses and might cut profits in half depending when you get it. Richard