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Strategies & Market Trends : Phil & Patrick's Picks -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Hebert who wrote (966)	12/22/1997 10:02:00 AM
From: PHIL K.	Read Replies (1) \| Respond to of 1020

Patrick, Holding DELL for a higher price still.. Everytime DELL has gone up it has gone up in 3 day spurts to about 89 - 90 per share.. Thoughts????????/ I am getting back into the selling calls mode on stock.. As I said before Jan 3rd or so my new agency will be open for business...I am very excited and just trying to make some extra bucks right now.. If DELL hits 88 or so soon i will sell the DELL Jan 80 Calls at about 12 pts or so..If calls get exercised that is alright because I would have made 12 pts or so on 2,500 shares by Jan...I'll take it... If DELL zooms after I sell my calls great...If it drops even better... I keep the premium and the stock and wait to sell February calls...I have to check and see if DELL has Feb calls available but it seems to have them...Very rich premiums on their calls... You may want to consider this strategy being that you are going to be working also.. Thts? Phil K.