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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (31523)	8/25/1998 6:32:00 PM
From: Deep IntheMoney	Read Replies (2) \| Respond to of 132070

MB&PC&THread, I got in Cienna with a Bull call spread. Buy the $30 call and sell the $35 Call Right now the spread is even better. You can have a debit of $3. The potential profit is $2 and you are betting on the fact that the Stock will close at or above $33 on Expiration. So far I think that's the best and safest way of feasting on a high premium option that you are bullish about at a certain price. I also bought some more stocks at 33 1/4. I am going to let them run up and at a higher price I am going to write some covered calls in the money to protect downside. I like the company and am willing to keep it. I particularly do not like Buy writes because you give up the upside too soon at very less time premium. What do you think about these trades and would Tlab calls be worth their premium to protect the flip side? thanks, Deep