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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: margin_man who wrote (20592)	2/11/1998 11:28:00 PM
From: Marc Trombella	Read Replies (2) \| Respond to of 36349

Anybody hear something about Harris Semiconductor to be on CNBC tomorrow?

To: margin_man who wrote (20592)	2/12/1998 4:26:00 AM
From: porcupine --''''>	Respond to of 36349

Getting out from under PAIR Jul 15 cc's: another possibility. Another strategy would be to buy back the Jul 15's with the proceeds of selling the Jan('00) 15's. This would buy back all of the Jul 15's, meet the account equity requirement, and still leave shares available for writing, say, Mar 20's. However, I'm in no hurry to do this, because I note that since 1/16/98 it has already become a much more favorable trade. So, some lessons learned so far: 1) write cc with richest time premium one month out at each expiration, every month, period. if the stock's price soars, so be it -- it's a high-class problem, and as already noted, there are ways to trade out of getting assigned; 2) if account equity is 50% or better, use monthly proceeds of cc's to buy more stock. If not, use proceeds to build up account equity; 3) don't speculate on mid-month price movement (if you're hopeless at timing, like me) by buying back calls 2 weeks from expiration -- unless it's to avoid assignment (this move alone is responsible for much of the current difficulty); 4) (tentative:) when writing cc's to meet a margin call, write them on furthest out, deepest in the money LEAPs, thereby leaving as many shares as possible remaining on which to continue writing calls monthly. --''''>