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Strategies & Market Trends : Paper Trades -- Ignore unavailable to you. Want to Upgrade?

To: ALL IN PAUL who wrote (35)	2/28/1998 11:56:00 PM
From: stockid	Read Replies (1) \| Respond to of 52

I used a covered call strat, with ATI. It is a good way to make extra money if the price has stalled for awhile. SK

To: ALL IN PAUL who wrote (35)	3/11/1998 5:21:00 PM
From: Allen Furlan	Read Replies (1) \| Respond to of 52

Interesting site, thanks. I have been trading options for many years and find that different strategies are required for different objectives. My margin account is for riskier trades and IRA for solid returns(hopefully). Since naked call options are not permitted in IRA the covered call strategy is an excellent one. Today I bought 600 shares of CRUS for 10 3/16 and sold 6 year 2000 leaps,strike=10, for 3 3/4. Net of commissions the cost per share is 6 1/2 and earns 53.8 % in 22 months should the stock stay at current levels or rise in value. Another decent strategy for an IRA is to write naked puts against treasury bills(equivilent to cash value of 90% of T-bill) for stocks you would like to own at the strike price. For those wishing to speculate, my own experience is that buying options is generally a difficult way to make profits and writing call options has best chance for success. Write naked puts only on stock you would like to own.