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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: LWolf who wrote (3628)	8/13/1998 12:40:00 PM
From: Rob L.	Respond to of 21876

Laura, my philosophy is a bit different, I like to write the Short Term (q month ahead) calls against the stock I own. usually, i can get a 6-10 return in one month. Guarantees me a profit on the options and lowers my overall purchase costs of the stock. The only risk is that the stock gets called away. Has not happened yet. best time to write the calls is when the stock surges. Wrote Aug 55 PWJ calls yesterday. I would be writing LU calls when stock rises to about 95-98. Good Luck