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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 (8261)8/17/1998 10:54:00 PM
From: dmd  Read Replies (1) | Respond to of 14162
 
Herm and company,I am new at this thus forgive my ignorance, but what would you say about buying say sept. 85 puts for dell at 7/8 o 5/8?
It is reporting earnings tomorrow, don't you think there will be profit taking after the announcement? Also the chart looks promising, or am I totally on left field?

Any response is welcome

Paolo



To: Herm who wrote (8261)8/18/1998 5:46:00 AM
From: Douglas Webb  Read Replies (1) | Respond to of 14162
 
Geez Herm, you were supposed to babysit BTGC for me....

I just got back from vacation (I'm actually on a train to NYC this morning) and saw what BTGC has been doing while I've been away. When I left, it was recovering; upward price movement, heavy volume, rising RSI, bounce off the lower BB, the whole nine yards. What happened?

Whoever sold me those January calls got a great deal; they're worth just a little more than half what I paid now. At least this time I gave myself plenty of time to wait for a recovery before my calls expire worthless...

Doug.