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.

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

To: tchphysics who wrote (64)	5/17/1998 6:47:00 PM
From: Brad Griffin	Read Replies (2) \| Respond to of 86

Powerhouse Technologies PWHR is ranked 5 of 40 in the Leisure & Rec/Gameing Industry. Two analyst recommendations - Strong Buy & Moderate Buy. PE is 16.3 vs 26.7 for the industry. Is priced at a discount using projected 98 EPS of 60 cents and 26.7 EPS ($16.02 vs $9.875). June $10 call currently offers an 11% return. A new CEO in July when the stock was $4. IMO the price will move between $9.50 and $10.50 but no lower than $9.50. I entered a limit order to buy at $9.50 today. I would like a 50 cent capital gain in June. Added to a $1.00 premium on the option for a 15% total gain.

To: tchphysics who wrote (64)	5/19/1998 5:41:00 PM
From: Brad Griffin	Read Replies (2) \| Respond to of 86

Yesterday I dropped PWRH (low option prices) for SWW, a buyout rumored stock with a new CEO, positive news and good premiums I bought 1,500 shares at $7.50 and placed two limit orders to sell the June 7.50 at $1.50(800)and the June 10 at $1.00 (700). Today SWW closed at 7 7/8. I project SWW hitting $10 in 2 weeks. I'll be adjusting my limit orders up or down based on the price movement. I want a lot of income from this covered call play in June.