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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: rkf who wrote (7948)7/25/1998 8:22:00 PM
From: grenouille  Read Replies (2) | Respond to of 14162
 
Kent,

I hold CA and agree it's been slammed. I am considering selling naked puts because I wouldn't mind owning some more for the long-term (and I like Preemies), but the options seem underpriced considering the volatility of the stock (116.6 20 day and 61.5 half year). Seems like a better time to be buying than selling calls (or puts).

Regards,

-Bob W



To: rkf who wrote (7948)7/26/1998 2:40:00 PM
From: Herm  Respond to of 14162
 
Sure has been beaten up real good!

NYSE: (CA : $39 1/16) $21,264 million Market Cap at July 24, 1998
Ranks 360th in the Fortune 500 on Revenue & 698th on Profit. Employs
8,800. Trades at a 57% Discount PE Multiple of 16.5 X, vs. the 38.8 X
average multiple at which the Software & Services SubIndustry is
priced.