Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (15482)	3/19/1998 11:27:00 AM
From: SJS	Respond to of 95453

I have to wait until tomorrow to see if the 20's I wrote are going to call the stock. I am not buying them back today or before expiration, as I feel that MDCO will close just above 20 and someone can have the stock. If I don't get called, I will write 20's again. I set a target with this purchase of MDCO stock (purchased stock at high 17's) and wrote two months worth of calls. I got a nice premium and nice % return, and will move the money to cash if called. I am staying disciplined to my original goal. As for your situation, YES, if I didn't have a call again my stock now, I would write Aprils. for you, try 22.5's, (QDMDX) they are now bidding 1 to 1 1/8. IMHO, Usual disclaimers, and this is not investment advise.