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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: Paul Corbett who wrote (10169)	4/26/1998 6:17:00 PM
From: Ghassan I. Ghandour	Read Replies (2) \| Respond to of 10836

Paul - Yes, the fear of seeing your shares taken away from you is what prevent many from selling calls at 10. But, as Tchai explained, the big money is on your side and this makes the stock less likely to close well enough above strike price for the shares to be taken away on expiration day. I have kept may shares (in some stocks) even when the close was as much as half point above the strike price. After doing that successfully for several months, if the stock goes away you effectively sold it for much higher than 10. If you are convinced it broke 10 on good reasons than you buy more to replace the ones that are going to be taken away. To increase the premium, however, I have been doing both - selling the calls (covered) at 10 and, at the same time, selling the puts at 7 1/2. Happy trading... Ghassan.