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

To: Too Wise who wrote (516)	7/9/1998 8:50:00 AM
From: Mark3000	Respond to of 655

This was a great stock for writing covered calls, the key is to only trade in stocks you are comfortable holding if the price goes down. Example, i bought 2000 shares at 18, wrote covered calls for the Jul 17.5s @ 1 1/8. So i get the $2250. Im in a no lose position, if the stock goes up i get at least 18 3/4 (17 1/2 + 1 1/8)for a 3/4 point gain, good day trade. If it goes down, i keep the $2250, reduce my average share price to 16 7/8 (18 - 1 1/8) and i keep the shares AND i get to do it all over again next month because i am comfortable holding this stock. Options are a good way to increase your profits especially if you are comfortable holding a stock. Good information on options with lots of free stuff is at cboe.com Quote of the Day: "Thats the bottom line, because Stone Cold said so."

To: Too Wise who wrote (516)	7/9/1998 9:10:00 AM
From: Mighty_Mezz	Read Replies (1) \| Respond to of 655

I'm not an options trader either, so my knowledge is limited. There are some options threads here on SI: techstocks.com You won't have to sell your stock for a loss if the call is at a higher price than you paid for the stock.

To: Too Wise who wrote (516)	7/9/1998 2:03:00 PM
From: Norman Stone	Read Replies (1) \| Respond to of 655

How is shorting un-American? Longs are punished when they get too exuberant, but they would be punished even more severely if the shorts were not there to cut the top off Exuberance Mountain by selling what anyone should be selling (they just don't happen to OWN it at the time..) The major gripe I have with shorts is that they want to drive down healthy prices, but really, how is that worse than trying to drive UP healthy prices? The minor gripe I have with them is their pessimistic air, but if pessimism is un-American, where did all these lawyers come from?