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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: Herm who wrote (7126)	3/20/1998 9:44:00 AM
From: Ali Husain	Read Replies (1) \| Respond to of 14162

Thanks for your response Herm. Question on open interest: I use to look at high open interest when buying an option. I think when selling a call I should look for a low open interest. My theory: If open interest is low most likely it is an overpriced and less promissing buy for savvy buyers but a few inexperience buyers may put their money into these options. Your comments ? Ofcourse this is one of many things you would look at when selling a call. By the way do you have a site to check the delta factor on stocks? Ali Husain

To: Herm who wrote (7126)	3/20/1998 11:59:00 AM
From: RayV	Read Replies (2) \| Respond to of 14162

Herm In the interest of learning new techniques, let me ask you if anyone can do this shorting against the box or is it one of those methods you have to wait for higher approval. Also shorting in general, can anyone do this too? You're right things have been low key for awhile. I bought a few vvus sept 10 calls a few weeks ago so I could write calls against the shares I already own. Now if it'll just edge up a little, I'll write apr, june, and aug calls (not at the same time). Any obvious flaws here? Thanks Ray