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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: Herm who wrote (7927)	7/22/1998 6:29:00 PM
From: Joseph Francis Torti	Read Replies (1) \| Respond to of 14162

Year 2002! Thanks, Well my Waterhouse quote really doesn't give the full quotes details when I type in the options symbol. It just give the quotes and it does not even spell the company name in the quote box.

To: Herm who wrote (7927)	7/22/1998 11:24:00 PM
From: margin_man	Respond to of 14162

It's Jan 2001, not 2002. P.

To: Herm who wrote (7927)	7/26/1998 9:17:00 AM
From: Joseph Francis Torti	Read Replies (1) \| Respond to of 14162

So basicly people who bought these leaps are idiots who bought the stock at $54.00 and bought the leaps in hoping to limit their loses or (stupidity) in still holding the long? There are over 9,900 contracts outstandings for adpt jan 15 year 2001 so these have got to be all covered calls that are outstanding. Correct? I hold 300 shares long at 13 5/8. How would I limit my loses from here on? All the other options are not paying good premium right now and I can only write covered calls. If I could buy puts I think my best bet in insuring further loses would be to buy 5 adpt August 10 puts for almost $250.00 as insurance against further declined in my long holding. Does anybody Agree? Or do I do not know what I'm doing. (G)