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

To: Steve Fancy who wrote (1442)4/21/1998 3:52:00 PM
From: robert b furman  Respond to of 3813
 
I think you are right. I sold puts on NVLS at the same time I sold covered calls .Bought at 42 sold puts for 2. ,sold calls for 4.75 exercise price of 45.If NVLS goes up it will return 52.This was a new approach that I thought had a fair return on a stock I wouldnt mind Accumulating. If put to me would have been at effective 35-36 price.

Looking like a bigger if now after good earnings! :-)

Bob



To: Steve Fancy who wrote (1442)4/22/1998 8:41:00 AM
From: Chris Anderson  Read Replies (1) | Respond to of 3813
 
Steve, selling covered calls on NVLS is extremely risky business as I have learned in the past. NVLS can just rocket straight up at times!
As I explained to Robert in another post, I just need cash right now and am writing some calls to generate it. Will have to grin and bear it if I get called out. I really love this stock so hope that doesn't happen. If so, I will be back in on pullbacks.
Good luck!
Chris


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