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Strategies & Market Trends : Covered Calls -- Ignore unavailable to you. Want to Upgrade?

To: tchphysics who wrote (54)	5/14/1998 5:14:00 PM
From: William G. Murray	Read Replies (1) \| Respond to of 86

Jeffrey (or anyone), Has anyone looked at Parker Drilling (PKD). The stock is at what appears to be strong support around $10 while the options for June 10 (@ 11/16) and July 10 calls (@ 15/16) looks attractive. The only concern is the trend line across the recent "highs" is declining. Well at least I took a bite. Any thoughts? B.M.

To: tchphysics who wrote (54)	5/14/1998 5:55:00 PM
From: Brad Griffin	Read Replies (1) \| Respond to of 86

I have been following FPAM and will buy/write next week if the prem offers a 10% return. All my current CC stocks will be called out this weekend. This is the first time I'm going to loose all my shares so I'm going to start over with FPAM & TLCM. Both offer excellent cash flow and percentage returns. I use margin so I average 15% - 20% every month after commissions & margin interest. This covered call writing is a fantastic business. Every month for the past year I have generated enough cash flow from selling calls to fund my retirement accounts at Fidelity. I have reinvested all the capital gains when called out to buy more shares each month. Last year I was buy/writing 500 shares, now it's 2,500 shares thanks to the capital gains.